Barack and Michelle Obama are close to buying a massive Martha’s Vineyard estate.
TMZ reports that the former president and first lady are in escrow — aka in contract to purchase — a 29-acre beachfront plot with a 6,892-square-foot main house. 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.
The property at 79 Turkeyland Cove Road in Edgartown, Mass. — owned by Boston Celtics chief Wyc Grousbeck — has a living room with vaulted ceilings and a stone fireplace, a chef’s kitchen and a formal dining room with giant windows, according to the property’s Realtor.com listing.
The Obamas will bunk in the master suite, which has a fireplace and private sun deck.
Outside, there’s a pool with another fireplace — or the couple could swim on the private beach, which has a boathouse.
“It’s not a done deal just yet,” TMZ says. “We’re told there are contingencies so it’s possible it could fall apart, but we’re told so far it’s a go.”
Grousbeck initially put the palatial property on the market in 2015 for $22.5 million.
In 2017, the Obamas dropped $8.1 million on a nine-bedroom house in the Washington, DC, neighborhood of Kalorama.
There’s plenty more where that came from. As of 2018, Barack Obama’s net worth was about $40 million, according to a GoBankingRates calculation. But given Michelle Obama’s bestselling hit “Becoming” — and the lucrative book tour that accompanied it — it’s estimated the couple is worth more than $135 million.
Tom LeClair and Gerret Conover with LandVest Martha’s Vineyard are marketing the listing.