Estates

Obamas Close on 29-Acre Vineyard Estate

Strong activity buoys Massachusetts coastal market.

According to the Vineyard Gazette, the former First Family rented the 6,892-square-foot waterfront home during the summer of 2019. With views of a barrier beach and the Atlantic, the residence has seven bedrooms, eight-and-a-half baths, a screened-in porch with a fireplace, a detached barn, and a swimming pool. Originally listed for $22.5 million, the property came to market in August 2015. The former President and First Lady – whose memoir was the bestselling book of 2018 – reportedly paid $11.75 million for the property, which fronts Edgartown Great Pond. The sellers were Boston Celtics owner and private investor Wyc Grousbeck and his former wife, Corinne, chair of the Perkins School for The Blind. Gerret Conover and Tom LeClair of LandVest, the listing and selling brokers, declined to comment.
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