*Barack and Michelle Obama have purchased a seven-bedroom home on Martha’s Vineyard, and they reportedly closed on the deal at a 21% discount off the listing price.
The Obamas paid $11.75 million for the property listed with a $14.85 million price tag, per forbes.com. The luxurious home was previously owned by Celtics owner Wyc Grousbeck.
According to TMZ, the 6,900 square home boasts 7 bedrooms, eight-and-a-half bathrooms, a pool, outdoor fireplace, and vaulted ceilings. It also has 2 guest wings off the main home, a detached barn and private beaches along the shore of Edgartown’s Great Pond.
The home is the latest multi-million dollar property owned by the Obamas. They also own mansions in Hawaii, California and Washington, D.C.
Meanwhile, the former U.S. President and former First Lady are catching heat on social media over the purchase of the mansion in Martha’s Vineyard.
One Twitter user wrote: “Obama sitting pretty in Marthas vineyard whilst Americans lost their homes due to his astounding incompetence. Bailed out wall street instead of the American people. d bag.”
Another tweeted: “Nothing sets a better example for the ‘urgency’ of ‘climate change’ than buying a $12,000,000 mansion on an island ‘marthas vineyard’ In the middle of the Atlantic Ocean all the while crying about the dangers of the rise of sea level. Obama did!”
Others defended the former couple.
“The Obamas are among the most successful black people in recent history & fools are out there upset that they’re living about as well as your average white Tech executive.”