The Obamas reportedly just bought a $12 million house on Martha's Vineyard. Take a look inside the 7-bedroom waterfront mansion.

obama over house in Martha's Vineyard 2x1

Ron Sachs-Pool/Getty Images; LandVest; Ruobing Su/Business Insider

The Obama family has previously spent summer vacations on Martha's Vineyard.

Barack and Michelle Obama just dropped $11.75 million on a house on Martha's Vineyard in Massachusetts, Julia Wells reported for The Vineyard Gazette.

Martha's Vineyard is an affluent vacation destination where the Obama family has previously spent summer vacations. Rumors have swirled about the family possibly buying a home there since the former president left office.Advertisement

The former first family reportedly bought the home through a nominee trust from sellers Wycliffe Grousbeck, who owns the Boston Celtics, and Corinne Basler Grousbeck, according to the Gazette.

The 7-bedroom home spans almost 7,000 square feet and sits on 29 waterfront acres overlooking Edgartown Great Pond, according to the listing. The asking price was $14.85 million.

The listing agents, Gerret Conover and Thomas LeClair of LandVest Martha's Vineyard, declined to comment on the details of the sale. Ronald Rappaport, the attorney for the buyers, according to the Gazette, didn't immediately respond to Business Insider's request for comment.
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Take a look inside the sprawling Martha's Vineyard home.

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Barack and Michelle Obama reportedly just spent $11.75 million on a house on Martha's Vineyard, an affluent vacation island in Massachusetts.

Barack and Michelle Obama reportedly just spent $11.75 million on a house on Martha's Vineyard, an affluent vacation island in Massachusetts.

The family bought the home through a nominee trust from Wycliffe Grousbeck, the owner of the Boston Celtics, and Corinne Basler Grousbeck, the Vineyard Gazette reported.

The Obamas have spent several summer vacations on Martha's Vineyard, and rumors have swirled for years that they were contemplating buying a home there.

The nearly 7,000-square-foot home sits on 29 waterfront acres overlooking Edgartown Great Pond.

The nearly 7,000-square-foot home sits on 29 waterfront acres overlooking Edgartown Great Pond.

Source: LandVest Martha's Vineyard

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The home has seven bedrooms and 8.5 bathrooms.

The home has seven bedrooms and 8.5 bathrooms.

Source: LandVest Martha's Vineyard

It comes with a modern chef's kitchen ...

It comes with a modern chef's kitchen ...

Source: LandVest Martha's Vineyard

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... and a circular formal dining room with a wall of windows overlooking the grounds.

... and a circular formal dining room with a wall of windows overlooking the grounds.

Source: LandVest Martha's Vineyard

The interior is decorated in neutral tones with natural wood accents.

The interior is decorated in neutral tones with natural wood accents.

Source: LandVest Martha's Vineyard

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The living room features vaulted ceilings with exposed steel beams and a stone fireplace as the focal point.

The living room features vaulted ceilings with exposed steel beams and a stone fireplace as the focal point.

Source: LandVest Martha's Vineyard

And there are several other seating and entertainment spaces throughout the home.

And there are several other seating and entertainment spaces throughout the home.

Source: LandVest Martha's Vineyard

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The master bedroom features high ceilings and glass doors that open up to the outdoors.

The master bedroom features high ceilings and glass doors that open up to the outdoors.

Source: LandVest Martha's Vineyard

Listing photos show a minimalist bathroom with glossy white subway tiles.

Listing photos show a minimalist bathroom with glossy white subway tiles.

Source: LandVest Martha's Vineyard

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One of the bedrooms is set up with bunk beds for children or multiple guests.

One of the bedrooms is set up with bunk beds for children or multiple guests.

Source: LandVest Martha's Vineyard

The home comes with multiple decks and balconies for sun bathing.

The home comes with multiple decks and balconies for sun bathing.

Source: LandVest Martha's Vineyard

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The property comes with a boathouse and private beachfront.

The property comes with a boathouse and private beachfront.

Source: LandVest Martha's Vineyard

There's also an outdoor swimming pool, as well as a hot tub on a second-floor balcony.

There's also an outdoor swimming pool, as well as a hot tub on a second-floor balcony.

Source: LandVest Martha's Vineyard

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Next to the pool is an al fresco dining area shaded with trees and greenery.

Next to the pool is an al fresco dining area shaded with trees and greenery.

There's also an outdoor screened porch with an outdoor fireplace.

Source: LandVest Martha's Vineyard

The home also comes with a two-car garage.

The home also comes with a two-car garage.

Source: LandVest Martha's Vineyard

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