(Their production deal with Netflix to produce films, announced in May, is another boon to the coffers.). 1,439, This story has been shared 1,197 times. Their latest purchase, however, has called into question the validity of their climate change concerns, as the Edgartown Estate is, in fact, a waterfront property. Get quick and easy access to your home value, neighborhood activity and financial possibilites. The Obamas were initially just renting the seven-bedroom, 8½-bathroom spread for summer 2019, but apparently loved it so much that they made an offer.

It was most recently on the market asking $14.85 million, but the Obamas are apparently paying less. Monique Valeris is the senior home editor for Good Housekeeping, where she covers decorating ideas, home tours, gift guides and more. Shell middens and ancient artifacts such as arrowheads are still found around the ponds. The purchase comes in addition to the $8.1 million home the Obamas purchased in 2017 in Washington, DC’s Kalorama neighborhood. After years of vacationing on Martha's Vineyard, Barack and Michelle Obama may finally be ready to purchase a home on the affluent island off the coast of … Sitemap The seven-bedroom home spans almost 7,000 square feet and sits on 29 waterfront acres overlooking Edgartown Great Pond, according to the listing. (They skipped a year in 2012 when President Obama was in the midst of a reelection campaign.). Additionally, the waterfront home reportedly features “seven bedrooms, eight and a half baths, and several stone fireplaces,” along with a “detached barn and a pool.”. It's about the size of my library.

During their years as First Family, they rented several different properties in Chilmark.

The former first family has spent summer vacations on Martha's Vineyard, which is. Claim: Barack and Michelle Obama purchased a $15 million waterfront mansion on Martha\u2019s Vineyard. James F. Reynolds, a longtime friend of Barack Obama who also served as a member of his national finance committee during the 2008 presidential election, is named as a trustee on the deed. “The buyer is a nominee trust representing the former First Family. We've received your submission.

Rumblings of the Obamas multimillion-dollar purchase surfaced in August, but they officially closed the deal this week, joining the elite Martha’s Vineyard community in a nearly 7,000 square foot home that sits on roughly 29 acres, facing the Edgartown Great Pond.

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The former first couple had been eyeing the soon-to-be-underwater property on what will formally be known as Martha’s Vineyard for a few years. Terms of Use The home's asking price was originally $14.85 million. The home features seven bedrooms, eight and a half baths and several stone fireplaces. That's not to say that this massive seaside property isn't stunning. But when that jaw-dropping estate was sold in June 2018, we couldn't help but wonder which not-so-humble abode would be the next summer retreat for the former first family. The property has been on the market since 2015.

The Martha's Vineyard estate that Jackie Kennedy bought for $1 million in 1979 just hit the market for $65 million — here's a look inside the property.

Barack and Michelle Obama, the former U.S. president and first lady, rented a seven-bedroom home on Martha’s Vineyard this summer and decided to stay. According to People, the 6,892-square-foot Martha's Vineyard estate was sold on Wednesday for $11.75 million to a trust. It has less than a two percent black population. “Your summer days can be spent poolside in a garden-like setting with the sounds of the waves lapping in the distance, or exploring the expansive Great Pond and outer barrier beach for a full day on the water,” it adds. The seven-bedroom home is almost 7,000 square feet and sits on 29 waterfront acres, according to the listing.

You must have JavaScript enabled to use this form. Barack and Michelle Obama are close to buying a massive Martha’s Vineyard estate. Do Not Sell My Personal Information, Your California Privacy Rights Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home', Selling Your Home? But given Michelle Obama’s bestselling hit “Becoming” — and the lucrative book tour that accompanied it — it’s estimated the couple is actually worth more than $135 million. “We don’t comment on these matters,” he said. Do Not Sell My Personal Information. We've now learned that they have decided to go all-in on the home they've been renting this summer, a sprawling seven-bedroom, 8.5-bathroom estate on 29 acres.

Their new home sits in an area that is rich with natural and human history.

This site is protected by reCAPTCHA and the, Sorry, we were unable to share this article. Curious to see inside what could be the Obamas' new Martha's Vineyard getaway? It comes with beautiful views and plenty of privacy—perfect for a high-profile family looking for a little low-key rest and relaxation. Your Ad Choices 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. After years of vacationing on Martha's Vineyard, Barack and Michelle Obama may finally be ready to purchase a home on the affluent island off the coast of Massachusetts. ), but don't let those rustic-looking shingles fool you.

As Breitbart News’s John Nolte observed in August: Regardless of his age, if Global Warming were real, this would be a terrible investment under any circumstance. PoliticsBarack ObamaBoston CelticsMartha's VineyardMichelle Obama. The property at 79 Turkeyland Cove Road in Edgartown, Mass.

Barack and Michelle Obama are close to buying a massive Martha’s Vineyard estate.

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