Respected former President Barack Obama and first lady Michelle Obama recently bought an $11.75 million mansion in Martha's Vineyard on 6 December 2019.
According to Vineyard Gazette, the couple bought a Martha's Vineyard mansion for the bargain price of USD 11.75 million or AUD 17.16 million.
The Vineyard property was initially listed for $22.5 million back in 2015 by its previous owner, Wycliffe Grousbeck, and Corinne Basler Grousbeck. In June 2019, the price was decreased to $16.25 million and eventually to $14.85 million a month later in July.
The prior owner of a property purchased the estate for $3.1 million in 1998 ($4.89 million after adjusting inflation in 2019). The villa is located in Edgartown and was originally built in the year 2001.
The 29.3 acres property features a 6,892 square feet house. And the home boasts seven bedrooms, eight and a half bathrooms, a circular formal dining wing, and a modern kitchen.
Moreover, there is a main suite complete with stone fireplace, two guest rooms, a private sundeck as well as an outdoor swimming pool.
It also features a separate barn.
Martha's Vineyard is a small island located on the coast of Massachusetts and is one of the popular holiday destinations for famous and rich personalities.
As a matter of fact, Obama and Michelle rented the very same house in summer before buying it in winter.
Actually, The Obamas are the well-known summer resident of Martha's Vineyard. During Barack's presidential terms, they would end up spending their August on the island.
It is reported that this is the first time, a resident of the White House bought a house in Martha's Vineyard.
Here Take A Look Inside The $11.75 Million Lavish Mansion Of Former Us President Barack Obama
The bedroom with master beds is well furnished and also features doors that open to a private balcony with stunning views of the oceans and vast expansive lawn.
Likewise, the circular dining room boasts walls with the windows that look towards Edgartown Great Pond, a mix of fresh and saltwater pond in Massachusetts.
Similarly, the kitchen has white cabinets and a greenish-white fully marbleized subway tile.
What Are Michelle Obama And Barack Obama Doing Now?
The former first lady has recently made a record-breaking 11 million copies of her debut memoir. She also traveled on a sold-out book tour in 2019. Michelle has been named one of the People's four People of the Year in December's Issue.
On the other hand, Barack Obama is almost ready to publish his own memoir. It is reported that the biography will hit the shelves around next year.
The couple together is collaborating with Netflix for the upcoming project: 'We're Part of This Larger Thing.'