Obamas Buying Home On Martha's Vineyard

MARTHA'S VINEYARD, MA — Barack and Michelle Obama are reportedly in the process of buying a multimillion-dollar mansion on Martha's Vineyard. TMZ reported the former first couple are eyeing the estate owned by Boston Celtics co-owner Wyc Grousbeck.

The seven-bedroom, eight-and-a-half bathroom mansion is nearly 7,000 square feet and sits on more than 29 acres. The Obamas rented the home while vacationing on Martha's Vineyard this summer.

The Edgartown home has been on the market for four years. It was initially listed for more than $22 million but has since dropped to $14.85 million, according to realtor.com. The Obamas are currently in escrow for below the listing price, according to TMZ.

The property features a chef's kitchen, master suite with a fireplace, private sun deck with water view, pool, boathouse and other amenities.

The family frequently visited Martha's Vineyard during Obama's presidency, vacationing there every summer except for his re-election year in 2012. His daughter, Sasha, worked a summer job in 2016 at Oak Bluffs seafood restaurant Nancy's Restaurant & Snack Bar.

This is not the first time there's been talk of the Obamas buying a home on Martha's Vineyard. In 2017, an Obama spokesman shot down rumors about the family looking at property on the island.