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Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXBUSINESS.COM:

Former President Barack Obama has reportedly closed on a luxurious Martha’s Vineyard vacation home. Dukes County, Massachusetts, land records listed the price as $11.75 million, a discount from the $14.85 million listing price. Gerret Conover and Thomas LeClair of LandVest, who brokered for seller Wyc Grousbeck, the owner of the Boston Celtics, declined to comment on the closing. But local newspaper the Vineyard Gazette reported the Obamas were the buyers.

The Obamas vacationed on Martha’s Vineyard several times during his terms as president. The family spent Augusts there for seven of his eight years in office and last summer rented the home they just purchased, the Gazette reported.

The article goes on to state the following:

The 29-acre waterfront property sits on a pond that’s separated from the Atlantic Ocean by a narrow sandy barrier beach. The 6,892-square-foot home includes seven bedrooms and nine bathrooms, according to the listing with LandVest. It was designed by the San Francisco-based Bradenburger Taylor Lombardo Architects and built by John Early, a local builder. The “spacious and dramatic” living room includes vaulted ceilings with exposed steel beams and a stone fireplace that serves as a focal point, according to the listing. The formal dining room is circular and surrounded by windows looking at the property and the water.

To get more information about this article, please visit FOXBUSINESS.COM.

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