Former President Barack Obama and former first lady Michelle Obama have joined the community of Martha’s Vineyard with their $11.7 million purchase Wednesday of Edgartown Estate.
The Obamas bought the 29-acre property in one of America’s most exclusive neighborhoods from Boston Celtics owner Wyc Grousbeck, the MV Times reported. The home had sat on the market for four years, with Grousbeck originally asking $22.5 million for the sprawling mansion and grounds, according to the Daily Mail. He had dropped the price to $14.85 million before agreeing to the final selling price.
The former president and his wife are in possession of a 7,000-square foot waterfront house that boasts seven bedrooms and nine bathrooms. There’s a pool and two guest wings attached to the main residence. (RELATED: Barack And Michelle Obama Release First Netflix Feature)
The real estate listing notes the “long and winding driveway, sprawling lawn, and incredible water views make for the perfect family compound setting for generations to come.”
“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,” reads the description. (RELATED: Obamas Pressure Black Woman To Relinquish ‘Higher Ground’ Trademark)