Barack and Michelle Obama drop almost $12 million on Martha’s Vineyard beach estate: report

Barack and Michelle Obama have splurged $11.75 million on a sprawling beach estate on Martha’s Vineyard, according to the Vineyard Gazette.

The 29-acre Edgartown, Mass., property sits on the shore of the island’s Turkeyland Cove, and the Obamas rented it for several weeks over the summer from Boston Celtics owner Wyc Grousbeck.

Reports surfaced in August that the Obamas enjoyed the cedar-shingle mansion so much they put in an offer to Grousbeck.

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Martha’s Vineyard
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Martha’s Vineyard
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A row of gingerbread wooden houses, Oak Bluffs, Marthas Vineyard, Massachusetts, U.S.A.
Moshup's Beach below the Gay head Cliffs in the small town of Aquinnah, Massachusetts. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages.
Menemsha is a fishing village located in the town of Chilmark on the island of Martha's Vineyard in Dukes County, Massachusetts. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages,
East Chop Light on Marthas Vineyard is an historic lighthouse standing on a bluff overlooking Vineyard Haven Harbor and Vineyard Sound. The Martha's Vineyard Museum has been caretaking the the lighthouse since 1994, although the United States Coast Guard continues to own the structure
Yachts sailing in Edgartown Harbor at Sunset
Victorian seaside homes in Oak Bluffs a town located on the island of Martha's Vineyard in Dukes County, Massachusetts, United States. Oak Bluffs is a romantic Victorian seaside summer resort. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages.
Victorian seaside homes in Oak Bluffs a town located on the island of Martha's Vineyard in Dukes County, Massachusetts, United States. Oak Bluffs is a romantic Victorian seaside summer resort. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages.
Satellite view of Marthas Vineyard island, Massachusetts, USA
Edgartown is a town located on Martha's Vineyard in Dukes County, Massachusetts, United States. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages,
Moshup's Beach below the Gay head Cliffs in the small town of Aquinnah, Massachusetts. Photo taken of the beautiful soft light on the brilliant colors of the mile-long expanse of the Aquinnah Cliffs. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages.
Scenic View Of Mountain In Marthas Vineyard Against Sky
Edgartown Lighthouse Marthas Vineyard
Moshup's Beach below the Gay head Cliffs in the small town of Aquinnah, Massachusetts. Martha's Vineyard is a New england destination full of beautiful beaches spectacular views, and quaint villages.
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The 44th president vacationed on Martha’s Vineyard in the summer throughout his tenure as commander-in-chief.

The Obamas’ new beach pad sit on almost 7,000 square-feet, and it was placed on the market by Grousbeck in 2015, originally for $22.5 million, according to realtor.com.

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