Home NEWS Obamas buy $11.75M Martha’s Vineyard estate from Celtics owner Wycliffe Grousbeck

Obamas buy $11.75M Martha’s Vineyard estate from Celtics owner Wycliffe Grousbeck

34
0
obamas-buy-$11.75m-martha’s-vineyard-estate-from-celtics-owner-wycliffe-grousbeck

December 6, 2019 | 11: 05am

Former President Barack Obama and family are the new owners of a $11.75 million Martha’s Vineyard estate — purchased from Boston Celtics owner Wycliffe Grousbeck and his ex-wife, according to a new report.

The former first family shelled out the megabucks this week for the sprawling 6,892-square-foot abode that sits on 29.3 secluded acres facing the Edgartown Great Pond, The Vineyard Gazette reported.

The luxury digs includes seven bedrooms, eight and a half baths and several stone fireplaces — as well as a two-car garage, a detached barn and a pool, according to the Gazette.

It was placed on the market in 2015, when it was listed for $22.5 million, and the price was dropped twice over the summer — once to $16.25 million in June and then to $14.85 million in July, the paper reported.

“The long and winding driveway, sprawling lawn and incredible water views make for the perfect family compound setting for generations to come,” said a real estate listing for the property.

Wycliffe Grousbeck and ex-wife Corinne Basler Grousbeck purchased the property for $3.1 million in 1998 from Geoffrey Gund, the Gazette reported.

The Obamas are known to summer on Martha’s Vineyard — spending part of every August there for seven out of his eight years in the Oval Office, according to the Gazette.

The only year they didn’t visit was in 2012, as President Obama focused on his reelection campaign.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

popup close button