Welcome the Obamas to Martha’s Vineyard

Former first family purchases Edgartown estate for $11.75 million.

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The Obamas closed on this Edgartown property Wednesday. - Anthony Esposito

Former President Barack Obama is now officially a resident of Martha’s Vineyard, after having closed on the Edgartown estate of Boston Celtics owner Wyc Grousbeck.

The 29-acre Edgartown property on Turkeyland Cove Road was purchased by Turkeyland Cove Road Nominee Trust for $11.75 million, according to Dukes County Registry of Deeds records. The property had been on the market for $14.8 million, and was assessed at $15.1 million.

Ronald Rappaport, the Island attorney who represented the trust at the closing Wednesday, would not disclose the Obamas as the buyers. “We don’t comment on these matters,” he said.

The Obamas, long enamored with Martha’s Vineyard, have been speculated about as buyers on the Island for years. But things heated up in August after they spent their annual vacation at the Grousbeck property. It ignited again when Michelle Obama made a rare public appearance at the Edgartown library in October, posing for photographs, and again when the property went under agreement last month.

The “Edgartown hideaway” is located on Edgartown Great Pond, and was purchased by the Grousbecks in 1998 for $3.1 million, according to town and county records.

Meanwhile, there have been things happening surrounding the property for months. Wyc and Corinne Grousbeck’s property was before the Edgartown planning board to have the board endorse an ANR on the property. ANR stands for “approval not required,” and outlines the division of land into lots — undoubtedly one of the details to be worked out before the property could change hands.

The idea of the Obamas purchasing property on the Island has been the focus of Twitter on several occasions. And TMZ, the network that focuses on celebrity gossip, has been a daily caller to the Dukes County registry, attempting to get the scoop on the purchase.

The house is nearly 7,000 square feet, has 15 rooms, seven bedrooms, eight full bathrooms, and one half-bath, according to the real estate listing.

“There are two guest wings, and an impressive master suite with fireplace, private sun deck, and spectacular water views,” the online listing states. “Your summer days can be spent poolside in a garden-like setting with the sounds of the waves lapping in the distance, or exploring the expansive Great Pond and outer barrier beach for a full day on the water.”

34 COMMENTS

  1. To be honest,I really don’t give a frogs fat a** if the Obama’s move here or not. It ain’t gonna change my life one iota…

      • Donx3….you’re correct, it is over $20K…waaaaay over $20K…isn’t the land bank tax 2% of purchase price? More like $220K

        • Tq– imagine that ! my math was off — gotta keep an eye on me.
          In my defense, it was a typo… but I put up an incorrect number– Thanks for the correction..

  2. Is this anywhere near Chicago where Michelle was so offended about white people fleeing the neighborhood? Just saying…..

    • Seth– no, this property is not near Chicago. it is actually about 900 miles, as a private jet flies. And about 1050 miles by ground transportation.

    • Cari– they didn’t afford this on a presidential salary– in fact , President Obama donated his salary to charities, in addition to monies he made by writing books. https://www.forbes.com/sites/danalexander/2017/02/06/obama-donated-over-1-million-to-charity-as-president-heres-where-the-money-went/#25491fcb459e
      His financial records are available to anyone who bothers to look at how he makes his money.. And you can rest assured that he paid his taxes, like all true patriots should, because his tax returns are publicly available.. You just have to take a little time to bother to educate yourself as to how he is able to afford this– it is in the public record, after all.
      Perhaps the supreme court will allow us to look at the financial records of our current president.. One thing i can tell for sure, is that Obama did not make his money with a fraudulent “university” or by refusing to pay contractors for work performed on some of his questionable real estate projects.
      Nor has he been caught stealing from his charitable foundation.

      • I’m glad you brought up ‘records’ and universities. Do tell us why Obama refused to release his college records. Would it be that he received a scholarship as a foreign student? If you get to see Trumps tax returns, I get to see Obamas college records.

  3. My goodness!
    11.75 million dollars for a house?
    Are these the same Obamas who preached income equality for eight years?

  4. I agree with NYC. It is infuriating. Another reason I may not return next season. The hypocrisy is staggering.
    Anyone else notice that literally NO comments have appeared in the Gazette online ? Yet the MV Times is to their credit posting comments . Bravo MV Times !

  5. Obama did lecture us for 8 years about climate change, income inequality and racism. A black President for 8 years elected by say 65 million, who lives on an island especially vulnerable to climate change and buys a 12 mm dollar house. America is not racist, we don’t begrudge him his home one bit and at the elevation his house is, its one hundred years before he is affected dondondon tells us.

  6. Trump supporters are constantly excusing the corruption, lies, racism, and downright blundering idiocy of the president by touting the supposed great economy. They excuse everything, from children in cages to stealing from his own charitable foundation. Until, that is, Trumpies expose what hypocrites they are by noticing, not just extreme income inequality, but by envying and resenting those (Democrats-only) who came from little and did well for themselves, like the Obamas. The fact that their ignoramus master had everything handed to him on a silver platter by his daddy doesn’t bother them a bit, nor do disgusting indulgences like his gold toilet, constant golf trips, and long history of not paying people who worked for him. The Trump supporters obviously aren’t doing great in this “great“ economy because financial security and success take away the jealousy and resentment that remains do obvious, even in this thread.

    • You are missing the point.
      If the Obamas wealth is truly as vast as dondondon12 states, then it is my opinion that they should be deeply ashamed of ever proclaiming the evils of income inequality when, in fact, they are embodying it.

      • You have no argument so you have no point. You may as well say that anyone who cares about the environment should walk everywhere. Problems are not solved with black or white thinking or ignorant resentments. Having money does not disqualify anyone from working intelligently on income inequality. You’d have to be living under a rock to think Obama was/is not qualified, with the intellect and knowledge yo confront complicated issues that have always plagued this country. Trump, on the other hand, is moaning about lightbulbs of today making him look orange. And did you hear what he had to say about water and flushing toilets? Did you think the moron currently in office was capable of dealing with income inequality? Did you hear his attacks on Baltimore, Chicago, etc? I’d take Obama over the idiot trump any day. Heck, I’d take Scrooge McDuck rather than trust Trump yo do anything except lie and be a self-absorbed pig. Obama is wealthy And earned every bit of it. #GetOverIt.

  7. The Obamas could buy a vacation house anywhere in the world. That they chose our island is a testament to what a blessed place it is to be. I am sure that part of the appeal was the the robust intellectual debates and diversity of opinions that they observed in the “Comments” section of the MVTIMES!

  8. Bubble, bubble , bubble.
    We are extremely fortunate to live in such a bubble, such as Martha’s Vineyard.
    Virtually no crime, a relatively highly educated population with a semi-seasonal economy that is robust enough to support all that care to work.
    With the exception of a few carbuncles, most here are pleased and Honored that the Obamas have decided to buy a cottage here.
    Those disparaging the successes that the Obamas’ have achieved are utilizing the same defense that Trumpies are employing for the impeachment of Trump.
    Technically, it’s called the ooogly boogly googly defense and is as logical as its name.
    To the President Obamas, I say, I wasn’t a fan of your foreign policies but Welcome, welcome, welcome to the Vineyard

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