Barack and Michelle Obama buy mega-estate for N4bn
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Barack and Michelle Obama buy mega-estate for N4bn

- The Obama family has just bought a seven-mansion home for $11.75 million (N4,247,625,000) on Martha's Vineyard

- Some of the sought-after features of the home are a beach house, outdoor fire pit, and vaulted ceilings

- It should be noted that the home was initially priced at $14.85 million (N5,368,275,000) before the Obamas got the deal

The Obama family is possibly celebrating their huge deal of a massive seven-mansion seated on Martha’s Vineyard.

Daily Mail reports that the former president and first lady got the keys to their new home which occupies a very large portion of beachfront property.

It should be noted that the couple has been looking forward to getting the property since 2018 summer when it was listed by Celtics owner Wyc Grousbeck.

The Obamas' new home has sought-after facilities like a beach house and vaulted ceilings. Photo source: Daily Mail

The Obamas' new home has sought-after facilities like a beach house and vaulted ceilings. Photo source: Daily Mail
Source: UGC

Though the house was initially put up for $14.85 million (N5,368,275,000), the Obamas were eventually able to get it for $11.75 million (N4,247,625,000).

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The couple loved the house when they camped in it for 2018 summer. Photo source: Daily Mail

The couple loved the house when they camped in it for 2018 summer. Photo source: Daily Mail
Source: UGC

The property has a swimming pool, vaulted ceilings, outdoor fire pit, boathouse, private beach, among several other sought-after home features.

Tom Wallace, one of the listing agents, said the home could even be expanded on.

“It certainly has the capacity to expand to more of a compound. One could build two additional full-size properties if one wanted to create a generational meeting place,” he said.

The Obamas were able to beat the price of the home down to $11.75 million. Photo source: Daily Mail

The Obamas were able to beat the price of the home down to $11.75 million. Photo source: Daily Mail
Source: UGC

The Obamas fell in love with the home when they rented it during their 2018 summer. It should be noted that the couple sold their previous home for $15 million.

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Meanwhile, Legit.ng earlier reported that Mark Zuckerberg, the CEO of Facebook, and his wife, Priscilla Chan, said that they would donate 99% of their wealth to the Chan Zuckerberg Initiative (CZI).

CZI is one that is targeted at using its resources to deal with all human diseases and improve education in the world.

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Source: Legit.ng

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