Obama Gets a $1+ Mil Price Cut on 29 Acre Martha's Vineyard Estate

It pays to fight for the downtrodden from your 29-acre Martha's Vineyard estate.

Former president Barack Obama and former first lady Michelle Obama are in the process of purchasing a multimillion-dollar Martha's Vineyard estate from Boston Celtics owner Wyc Grousbeck, according to a report.

The former first family is currently in escrow for a 29-acre beachfront estate listed at $14,850,000. The Obamas were renting the house from Grousbeck, who donated $2,300 to Obama for America in 2008, over the summer and loved the property so much they expressed interest in purchasing it with a lower offer, according to TMZ.

As of last year, the home was listed at $16,250,000. That's down from $22 million originally.

Not a bad deal apparently.

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.

Of course, with the amount of acreage around the main residence, a new owner could build additional residences for family vacations on the water.

In 2015, the home's listing agent at the time said, "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."

Or house more of your illegal alien relatives.

The property listing states, "A property of this stature needs to be seen to be experienced."

The same is true of Obama's America.

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