No one wants to buy the Obamas' former vacation rental on Martha's Vineyard

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  • A Martha’s Vineyard estate is now for sale for $17.75 million.
  • It’s been on the market for years and has seen several price cuts.
  • It was used by the Obama family as a summer getaway in 2013.

 

This isn’t just any ordinary picturesque Martha’s Vineyard estate — it has a presidential pedigree.

President Obama and his family rented this sprawling, 7,000-square-foot mansion for an entire summer in 2013, according to The Wall Street Journal. But that seems not to have made the house any easier to sell.

Now it’ll be just a little bit cheaper to live like the First Family all year round. The house listed in July 2015 for $22.5 million. Just three months later, the house already had a 15% price chop. 

Now, nearly two years later, the house is still for sale, at a discounted price of $17.75 million.

Sotheby’s International Real Estate has the listing.

Brittany Fowler contributed reporting to an earlier version of this article.

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The Wall Street Journal notes that the rural town’s seclusion was what drew the Obamas to the property.

Source: WSJ

Sitting on over nine acres of land at 120 feet above the Atlantic, the home affords bountiful ocean views of the South Shore and Chilmark Pond.

A private driveway leads to the estate, which includes a half basketball court, a dock, and access to three private beaches.

 

See the rest of the story at Business Insider
Source: businessinsider – travel
No one wants to buy the Obamas' former vacation rental on Martha's Vineyard