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. The Obamas now have the property, with a $14.85 million price tag, under contract. The seller is the owner of the Boston Celtics basketball team.
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. The Obamas now have the property, with a $14.85 million price tag, under contract in a deal expected to close this month.
The weathered-shingle house is set on 29 acres with private beaches along the shore of Edgartown’s Great Pond, a mix of fresh and salty water that opens to the ocean. The home has a living room with a vaulted ceiling and fieldstone fireplace, a circular dining room lined with windows, and a master suite that comes with a fireplace and a private sundeck overlooking the water.
The seller is Boston Celtics co-owner Wyc Grousbeck, who was a contributor to Obama’s campaign in 2008 when the president won the first of two terms. But, Grousbeck played both sides of the field – he also donated to Mitt Romney’s campaign that year, according to public records.Obama is known for his love of basketball, and was often photographed playing pick-up games while on the campaign trail and in the White House.
This year, the couple arrived in mid-August, on the former president’s 58th birthday. The following day, Obama was spotted at the Farm Neck Golf Club in Oak Bluffs, about eight miles from Grousbeck's home, playing a round with former Boston Celtic Ray Allen and Golden State Warriors guard Stephen Curry.
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