Obama spokesman denies rumors the former president is buying a $27M estate from Caroline Kennedy

Obama spokesman denies rumors the former president is buying a $27M estate from Caroline Kennedy

Saturday, September 2, 2017

President Barack Obama

From TRD New York: Rumors that the Obamas are looking to Martha’s Vineyard for a new vacation home aren’t true, a family spokesman said.

The Boston Globe earlier reported that “word around the island” is that the former president and his family have been house-hunting in the rural communities of Aquinnah, Chilmark, and West Tisbury, off the coast of Massachusetts.

The paper specifically noted the Obamas’ interest in a set of two parcels owned by Caroline Kennedy and her husband, Edwin Schlossberg. The two parcels were once one 377-acre estate, called Red Gate Farm, that was owned by Jacqueline Kennedy Onassis.

Kennedy and Schlossberg divided the expansive plot into two several years ago, and they’re both currently on the market — one for $15 million, and the other for $12 million.

However, Obama spokesperson Kevin Lewis has denied that the family is looking for a home in Martha’s Vineyard.

Sotheby’s International Realty, whose agent George Ballantyne is listing the Kennedy properties with Hancock Real Estate’s Deborah Hancock, did not immediately return a request for comment.

Here’s the property that Sotheby’s has listed:

The two parcels are idyllic, with plenty of untouched land.

There isn’t currently a home on the property, which leaves it open to the new buyers to build a structure of their own design.

There are roughly 1,000 feet of direct oceanfront land.

It’s in a relatively isolated part of Aquinnah, Massachusetts, on the part of Martha’s Vineyard that locals call “up island.”

There’s a 600-acre pond on the land, which, as the listing points out, would be ideal for “kayaking, canoeing, sailing, and fishing.”

The Obamas have often vacationed in this part of Martha’s Vineyard in the past.

The Kennedy family’s compound would certainly be a beautiful place to put down roots.


Source: The Real Deal