Barack and Michelle Obama’s beautiful Martha’s Vineyard estate seems to be ripped from the pages of a storybook. Martha’s Vineyard, a picturesque Massachusetts island, has been a favorite holiday destination for many Presidents and early families, from the Kennedys to the Clintons. Lately, however, the Obamas have been among the island’s most frequent presidential visitors – spending more time there than ever since President Obama was in office. And while visiting the island can be very pleasant, the former first family decided to plant their roots and buy a beautiful villa on the island.
As People reported, in December 2019, the Obamas spent $11.75 million to buy their dream home of 6,892 square meters, located on a beautiful 29-acre private plot of land. While nearly $12 million may seem like a high price to pay for a vacation home, this luxurious Martha’s Vineyard estate is well worth the high price.
Michelle Obama And Barack Obama’s Martha’s Vineyard Estate Is Massive
Barack and Michelle Obama’s Martha Vineyard estate is certainly dreamy. Martha’s Vineyard is known for its beautiful houses and beautiful beaches. So it’s no wonder the Obamas wanted to make a quantum leap for a home away from home on the island – and they didn’t skimp. The villa they chose, located at Edgartown Great Pond, is huge. The house boasts nearly 7,000 square meters, 7 bedrooms, 8.5 bathrooms, a private pool and several living rooms, according to the property’s real estate listing. And with 29 private acres of manicured lawns, greenery and beach, this property has a bit of everything.
While nearly $12 million may seem like a high price to pay for a vacation home, it looks like the Obamas got a good deal on the villa. When the previous owner, Wycliffe Grousbeck (owner of the Boston Celtics) first listed the property in 2015, he set the price at $22.5 million, according to the realtor. However, Grousbeck then cut the price to $16,250,000 and sold it to the Obamas in 2019 for only $11.75 million.