This is the new home of the Obamas'- it seats on a 29-acre estate, has 7 bedrooms and 8 and a half bathrooms. The facility has been reviewed by world best homes on the homesandgardens website.
Former President Barack Obama and his family have completed the purchase of a $11.75 million waterfront home situated on nearly 30 acres on Martha's Vineyard â€" an affluent island located south of Cape Cod in Massachusetts. And it is stunning.
The expansive 6,892-square-foot house sits on nearly 30 secluded acres fronting the Edgartown Great Pond between Slough Cove and Turkeyland Cove, with views of the Atlantic ocean.
Designed by Taylor Lombardo Architects in San Francisco, the home was built in 2001 by John Early, a well-known and hugely trusted Island contractor. And it's in a spot the Obamas love â€" it's no secret that they have enjoyed spending down time at Martha's Vineyard whenever they can.
Martha's Vineyard has been an annual holiday spot for the Obama family since their time in the White House, and now they're putting down roots in the gorgeous villa that they rented over the summer.
The home features seven bedrooms, eight and a half baths and several stone fireplaces. There is a two-car garage, a detached barn and a pool.
The property also offers direct access to the pond, and includes a boat house and a private beach front with deeded rights, as per the listing on LandVest.
Rumors of the impending sale have been circulating since late summer 2019, when the Obamas rented the property for several weeks. The family are often seen on the Vineyard during summer vacation.
The former president and his family spent part of every August on the Island for seven out of the eight years he was in office.
The family also visited the Island before, including when he was a senator from Illinois.
The property has been on the market since 2015, when it was listed for $22.5 million. The price was dropped twice this summer, first to $16.25 million in June, then to $14.85 million in July.
The purchase price, with the Dukes County Registry of Deeds, is listed at $11.75 million.
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