6,892-square-foot
And it is stunning. The expansive 6,892-square-foot house sits on nearly 30 secluded acres fronting the Edgartown Great Pond between Slough Cove and Turkeyland Cove, with views of the Atlantic ocean.
Do the Obamas own property on Martha’s Vineyard?
The Obamas' $11.75 million Martha's Vineyard estate is expected to be the site of a controversial outdoor birthday bash this weekend. Former President Obama and his FLOTUS purchased the sprawling 29-acre estate on the Edgartown Great Pond in December 2019 after previously renting it, The Post previously reported.
Who did the Obamas buy their house from?
Wycliffe Grousbeck
The Obamas reportedly purchased the property from Wycliffe Grousbeck, owner of the Boston Celtics, and his ex-wife, Corinne Basler Grousbeck, who bought the home in 1998.
How much are the Obamas worth?
Celebrity Net Worth and Business Insider have both reported the former president's net worth as $70 million. However, according to an estimate by Analytics@American — American University's business analytics program — Barack and Michelle Obama could make as much as $242.5 million post-presidency.
What famous person lives in Martha’s Vineyard?
Famous people that call Martha's Vineyard home include Michael J. Fox, Spike Lee, Diane Sawyer and Barak and Michelle Obama, and hundreds more A-listers that visit the island each year.
How much money did Obama have before office?
In December 2007, Money Magazine estimated Obama's net worth at $1.3 million (equivalent to $1.8 million in 2022). Their 2009 tax return showed a household income of $5.5 million—up from about $4.2 million in 2007 and $1.6 million in 2005—mostly from sales of his books.
Where do the Obamas live on Martha’s Vineyard?
Former President Barack Obama and his wife Michelle have bought one of the island's most beautiful properties, a 7-bedroom house set in a 29-acre estate, looking out onto the Edgartown Great Pond between Slough Cove and Turkeyland Cove.
Frequently Asked Questions
Do the Obamas own a house on Martha’s Vineyard?
The Obamas' $11.75 million Martha's Vineyard estate is expected to be the site of a controversial outdoor birthday bash this weekend. Former President Obama and his FLOTUS purchased the sprawling 29-acre estate on the Edgartown Great Pond in December 2019 after previously renting it, The Post previously reported.
Who currently lives in Martha’s Vineyard?
Famous people that call Martha's Vineyard home include Michael J. Fox, Spike Lee, Diane Sawyer and Barak and Michelle Obama, and hundreds more A-listers that visit the island each year.
Where do Obamas live right now?
The power couple own homes in both Washington and Martha's Vineyard in Massachusetts which are worth a combined value of $20million. Each property boasts incredible amenities for the couple to enjoy along with their two daughters Malia and Sasha when they visit from college.
How much did Obama pay for his new home?
Former President Barack Obama and former first lady Michelle Obama have purchased a nearly 7,000-square-foot home on Martha's Vineyard in Massachusetts for $11.75 million, according to a report.
How many dollars does Obama have?
Barack Obama's Net Worth: $70 Million
However, according to an estimate by Analytics@American — American University's business analytics program — Barack and Michelle Obama could make as much as $242.5 million post-presidency.
FAQ
- Did Obama buy a house in DC?
After calling Washington, D.C. home for eight years, President Barack Obama and his wife, Michelle, have put down permanent roots in the city: They officially purchased the mansion they've been renting, for $8.1 million, The New York Times reports.
- How did Michelle Obama make a living?
Raised on the South Side of Chicago, Obama is a graduate of Princeton University and Harvard Law School. In her early legal career, she worked at the law firm Sidley Austin where she met her future husband. She subsequently worked in nonprofits and as the associate dean of Student Services at the University of Chicago.
- What president has the most money?
Donald Trump
List of presidents by peak net worth
Name Net worth (millions of 2022 US$) Political party Donald Trump 3,000 Republican George Washington 707 None/Independent Thomas Jefferson 284 Democratic-Republican Theodore Roosevelt 168 Republican - What island do the Obamas have a house?
Martha's Vineyard
The property has been on the market since 2015. The Obamas' new property on Martha's Vineyard. Situated on 29.3 waterfront acres near the Edgartown Great Pond, the impressive estate, which was built in 2001, features seven bedrooms, eight bathrooms, and a powder room.
- Where did the Obamas live in Hawaii?
- Punahou Circle apartments is a 12-story apartment building at 1617 S. Beretania Street in the Makiki neighborhood of Honolulu, Hawaii. The building was one of the childhood homes of Barack Obama, the 44th President of the United States.
How much did it cost the obamas to rent that house
| What part of Martha's Vineyard does Barack Obama live? | Former President Barack Obama and his wife Michelle have bought one of the island's most beautiful properties, a 7-bedroom house set in a 29-acre estate, looking out onto the Edgartown Great Pond between Slough Cove and Turkeyland Cove. |
| How much does the White House cost? | The White House is worth $397.9 million, according to the real-estate listings firm Zillow. The home of every US president except George Washington gained 15% in value during President Barack Obama's eight years in office, according to a release published Tuesday. |
| How much money does Obama have? | Barack Obama's Net Worth: $70 Million However, according to an estimate by Analytics@American — American University's business analytics program — Barack and Michelle Obama could make as much as $242.5 million post-presidency. |
| Did the Obamas buy a new home? | The former first family has a new home on Martha's Vineyard. Former president Barack Obama and his wife, Michelle Obama, have reportedly purchased a home on the Massachusetts island for $11.75 million. |
| What is President annual salary? | $400,000 annually The president's salary currently sits at $400,000 annually. This amount was set by Congress in 2001, with the passage of a provision in the treasury appropriations bill. Prior to that, the President's salary had been locked in at $200,000 for 30 years. |
- Does Obama have property on Martha's Vineyard?
The Obama house is certainly something to behold. Former President Barack Obama and his family have completed the purchase of a $11.75 million waterfront house situated on nearly 30 acres on Martha's Vineyard – an affluent island located south of Cape Cod in Massachusetts.
- Where did the Obamas stay in Hawaii?
Plantation Estate is a single-story, wood-frame, 5,000-square-foot (460 m2) Pacific Ocean-front house at 57 Kailuana Place in Kailua, Honolulu County, Hawaii, which former President Barack Obama rented for use during his Christmas vacations from 2008 to 2016.
- How much does a house on Martha's Vineyard cost?
Martha's Vineyard Real Estate Market Snapshot
Properties on Market 1 216 No change New Properties on Market 55 No change Average Asking Price (New Listings) $3,208,489 $182,850 decrease in avg asking price Average Asking Price / Sq.Ft. $1,204 $7 decrease in List Price/Sq.Ft. Number of Price Changes 38 3 increase in Price Changes.
- What do the Obamas do with their money?
From philanthropic efforts, to vacationing where the sun shines and making long-term investments in their daughters' education, here's how the Obamas make and spend their money.
- What celebrity has a house on Martha's Vineyard?
Famous people that call Martha's Vineyard home include Michael J. Fox, Spike Lee, Diane Sawyer and Barak and Michelle Obama, and hundreds more A-listers that visit the island each year.