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

TRD New York TRD WEEKEND EDITION /
Sep.September 02, 2017 09:34 AM

President Barack Obama

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.


Related Articles

arrow_forward_ios
The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?

Post-presidential pads: After the White House, what comes next?
(Credit: Official White House Photo by Pete Souza)

Preservationists’ issues with new Obama Presidential Center continues

Preservationists’ issues with new Obama Presidential Center continues
National Cheat Sheet: Kushner-founded RE startup Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress … & more

National Cheat Sheet: Kushner-founded RE startup Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress … & more

National Cheat Sheet: Kushner-founded RE startup Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress … & more
National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more

National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more

National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more
Are the Obamas buying an apartment at this UES co-op building?

Are the Obamas buying an apartment at this UES co-op building?

Are the Obamas buying an apartment at this UES co-op building?
Obama’s former townhouse hits the market

Obama’s former townhouse hits the market

Obama’s former townhouse hits the market
Top regional center chief says Obama’s EB-5 tweaks would decimate program

Top regional center chief says Obama’s EB-5 tweaks would decimate program

Top regional center chief says Obama’s EB-5 tweaks would decimate program
Obama pardons Ian Schrager

Obama pardons Ian Schrager

Obama pardons Ian Schrager
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...