The Obama Family Joins Martha’s Vineyard Community With $11.7 Million Mansion Purchase

Via The Daily Caller

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.