{"id":7522,"date":"2019-10-08T15:35:17","date_gmt":"2019-10-08T22:35:17","guid":{"rendered":"https:\/\/propy.com\/browse\/blog\/?p=7522"},"modified":"2019-10-07T13:26:56","modified_gmt":"2019-10-07T20:26:56","slug":"barack-obama-real-estate","status":"publish","type":"post","link":"https:\/\/propy.com\/browse\/barack-obama-real-estate\/","title":{"rendered":"3 Interesting Facts About Barack Obama\u2019s House"},"content":{"rendered":"\n
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Former President Barack Obama and former First Lady Michelle Obama have reportedly made a purchase of a 29-acre estate in Martha\u2019s Vineyard<\/a>. The $15 million property would be a summer home on a northeastern island that is accessible only by ferry and plane. Martha\u2019s Vineyard has historically been a retreat for American political royalty, notably the Kennedys. Here is what we know about the latest Obama real estate deal.<\/p>\n\n\n\n

The Purchase Comes from Post-Presidential Profits<\/h2>\n\n\n\n

The Obamas were financially comfortable prior to the Presidency, but they are now unquestionably members of the nation\u2019s elite. Their rise in social status comes with a joint $65 million book deal, high-dollar speaking engagements, a Netflix production deal<\/a>, and other recent ventures. As President, Barack Obama only earned $400,000 per year – earnings that were impressive but not nearly enough to pay for houses like the one mentioned in this article.<\/p>\n\n\n\n

The Seller Is Boston Celtics Co-Owner Wyc Grousbeck<\/h2>\n\n\n\n

The seller of the property is Boston Celtics co-owner Wyc Grousbeck. Grousbeck was a contributor to Obama\u2019s 2008 campaign (although he also gave money to Mitt Romney’s campaign that same year). Barack Obama\u2019s love for basketball may have played into the family\u2019s choice of this home, as there is even a basketball net attached to the side of the swimming pool.<\/p>\n\n\n\n

The House Has All of the Enviable Features That You Might Expect<\/h2>\n\n\n\n

Martha\u2019s Vineyard\u2019s nicest homes provide luxury and privacy, something that the Obamas are clearly after. Their new estate features private beaches along the Great Pond of Edgartown. The master bedroom has a private sundeck overlooking the water and an impressive fireplace within. The pool is surrounded by a garden, and the driveway to get to the house is over a third of a mile long.<\/p>\n\n\n\n

Not everybody likes Barack Obama\u2019s legacy, but no one can find fault in the incredible home that the former first couple has chosen for their summer holidays. Propy<\/a> looks forward to facilitating the sale of luxury homes of this scale, even if the buyers are not quite as famous as the Obamas.<\/p>\n\n\n\n

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