NEW: Obamas Reportedly Buying $14M Martha's Vineyard Estate from Celts Owner

NEW: Obamas Reportedly Buying $14M Martha's Vineyard Estate from Celts Owner

Former President Barack Obama and former First Lady Michelle Obama are reportedly buying a multimillion-dollar mansion on Martha’s Vineyard, according to TMZ.

The home is currently owned by Boston Celtics owner Wyc Grousbeck and is on the market for $14.85 million.

The property has been on the market for four years, originally listed by Grousbeck in 2015 for $22.5 million.

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According to Realtor.com, the price was cut to $16,250,000 in 2017, before being cut again to its current price.

According to TMZ, the Obamas rented the home during the summer, before making an offer to buy it.

About the Property

About the home, Realtor.com writes:

“Built in 2001, the contemporary home offers more than 7,000 square feet, seven bedrooms, 8.5 bathrooms and plenty of space for entertaining—whether for a small family gathering or a crowd. The master suite features its own private sundeck and fireplace. The nearly 30-acre estate sits on the Edgartown Great Pond, with views of the Atlantic Ocean."

The property also features a pool, outdoor kitchen, outdoor fireplace, and two guest homes.