Luxurious Mansion Will Soon Be The Obama’s New Home

Real estate circles buzzed Wednesday, May 25, 2016, over reports that President Barack Obama and first lady Michelle Obama have decided to lease this nine-bedroom mansion in one of Washington’s poshest neighborhoods when he leaves office in January 2017. With a sprawling terrace and a castle-like exterior, the home sits on a quarter-acre lot just down the road from the Naval Observatory, the vice president’s official residence, in the wealthy Kalorama neighborhood near Embassy Row. (AP Photo/Andrew Harnik)

After Barack Obama and his family hand over the keys to the White House they will be moving into the exclusive Kalorama neighborhood in Washington D.C.

The Obama’s will be renting a $5.3 million mansion that is only two miles away from the White House. The 8,200 square-foot home has eight-bedrooms and nine-and-a-half bathrooms.

Joe Lockhart, Bill Clinton’s press secretary and senior advisor from 1998 to 2000 and Giovanna Gray, an editor for Glamour, are the owners of the home.

The Obama’s will continue to live in Washington until their 15-year-old daughter Sasha graduates high school, and according to RT, it is unknown if they will pay full price for the home that is estimated to cost $22,000 a month to rent

Pictures of the mansion can be seen below:

Obama New Home

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