The home is currently owned by Boston Celtics co-owner Wyc Grousbeck.
The Martha’s Vineyard estate (pictured below) was previously listed for $22 million, but the Obamas are paying less than the current listing price according to “multiple island sources.”
Multiple island sources tell us the Obamas are in escrow for the estate owned by Boston Celtics owner, Wyc Grousbeck. The former Prez and First Lady have been renting the house this summer and loved it so much, we’ve learned they made an offer. The property is listed at $14,850,000. Our sources say they’re paying less, but we don’t know how much.