The Obamas set to purchase $14 million mega mansion on Martha’s Vineyard

Former President Barack Obama right and first lady Michelle Obama seen here in 2016 returning to Washington D.C. after vacationing on Martha's Vineyard are in escrow to purchase a beachfront estate on the island

The property at 79 Turkeyland Cove Road in Edgartown, Mass. - owned by Boston Celtics chief Wyc Grousbeck - has a living room with vaulted ceilings and a stone fireplace, a chef's kitchen and a formal dining room with giant windows, according to the property's listing.

Barack and Michelle Obama have reportedly put in their bid to live in the lap of luxury with the purchase of an expansive Martha's Vineyard estate. They have been renting this spot for the summer, and reports are that they love the spot. Sources say that The Obamas made an offer, but it is much less than what the listed asking price is.

The former president, who once scolded Wall Street executives by saying, "I do think at a certain point you've made enough money", is potentially suffering from wealth anxiety, which could explain why he has chose to give so much money to such a worthy cause.

In fact, the Obamas had been renting Grousbeck's home - a seven-bedroom, eight-and-a-half bathroom estate spanning almost 7,000 square feet on more than 29 acres, according to a listing - during their vacation to the MA island this summer. The master suite features its own private sundeck and fireplace. And in case the Obamas are thinking of shacking up on the Vineyard all year long, there's a hot tub on a second floor balcony, too. The Obamas paid $8.1 million for the nine-bedroom mansion.



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