Barack & Michelle Obama Just Bought a $11.75M, 7-Bedroom Martha's Vineyard Estate: Reports
The Obamas simply turned considered one of their favorite vacation spots into their new residence.
Former President Barack Obama and former First Woman Michelle Obama this week bought a 6,892-square-foot residence on Martha’s Vineyard off the coast of Massachusetts, based on the Vineyard Gazette and TMZ.
PEOPLE confirms the seven-bedroom island mansion was bought Wednesday for $11.75 million to a belief.
The deed additionally names as trustee James F. Reynolds, a Chicago funding banker who has been friends with President Obama, 58, since he was a state senator in Illinois. Reynolds was a member of Obama’s nationwide finance committee through the 2008 presidential election.
Based on the Gazette and TMZ, the former first couple rented their new house over the summer time earlier than buying it.
The Martha’s Winery property sits on 29.three acres and options seven bedrooms, eight-and-a-half baths and a number of other stone fireplaces. It is situated in Edgartown and was inbuilt 2001.
The home is next to the Edgartown Nice Pond and has views of the ocean.
The house was bought by Wycliffe Grousbeck and Corinne Basler Grousbeck. Wycliffe is the proprietor of the Boston Celtics.
A spokeswoman for the Obamas had no remark.
Buying the brand new home is a feather in their cap after a record-breaking 2019, through which Mrs. Obama bought greater than 11 million copies of her debut memoir, Becoming, and traveled on a sold-out guide tour.
Mrs. Obama, 55, was named one among PEOPLE’s 4 People of the Year in this week’s problem.
RELATED: Michelle Obama Looks Back on the ‘Panic,’ Vulnerability & Gratitude of Her Record-Setting Year
The former first woman opened up concerning the her family, her marriage and her breakout — and downright busy — yr, telling PEOPLE:
“I acknowledge now that the memoir and the tour have been actually totally different than what I’d executed before — I wasn’t promoting a policy or rallying votes; I used to be on the market, alone, talking about my feelings and vulnerabilities. That’s sufficient for anyone to lose a bit of sleep.”
President Obama is at work on his own memoir, which might hit cabinets forward of subsequent yr’s election, whereas Mrs. Obama is at present in Vietnam with Today co-host Jenna Bush Hager and Julia Roberts promoting young ladies’s schooling the world over.
The Obamas are additionally at work on tasks with Netflix.
Src: Barack & Michelle Obama Just Bought a $11.75M, 7-Bedroom Martha's Vineyard Estate: Reports
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