Barack and Michelle Obama Just Paid $11.75 Million for a Vacation Home (Photos)

The Obamas have some celebrating to do. After years of rumors about the former president and first lady scooping up a permanent residence on Martha’s Vineyard, Barack and Michelle Obamafinally closed on a lavish, 29-acre compound.

The erstwhile first family is already familiar with the seven-bathroom, 8.5-bathroom waterfront estate, as they rented it this past summer. They entered escrow over the summer, according to TMZ, and now they’ve finalized the sale.

See photos below..

They scored a significant discount from the $14.85 million that Boston Celtics owner Wyc Grousbeck last had the home on the market for, as the final sales price comes to $11.75 million. It’s an even bigger steal considering Grousbeck originally had the property listed for $22.5 million back in 2015

Source :ghanaweb.com