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Former President Barack Obama has reportedly closed on a luxurious Martha's Vineyard vacation home.
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Dukes County, Massachusetts, land records listed the price as $11.75 million, a discount from the $14.85 million listing price. Gerret Conover and Thomas LeClair of LandVest, who brokered for seller Wyc Grousbeck, the owner of the Boston Celtics, declined to comment on the closing. But local newspaper the Vineyard Gazette reported the Obamas were the buyers.
The Obamas vacationed on Martha's Vineyard several times during his terms as president. The family spent Augusts there for seven of his eight years in office and last summer rented the home they just purchased, the Gazette reported.
The 29-acre waterfront property sits on a pond that’s separated from the Atlantic Ocean by a narrow sandy barrier beach.
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