Is Michelle Obama “Becoming” an Angeleno? Former first lady eyes Hollywood Hills

Former First Lady Michelle Obama rented a 12K sf home in the Bird Streets and is reportedly checking out the neighborhood for a new home

TRD LOS ANGELES /
Jul.July 12, 2019 12:00 PM
Michelle Obama rented out the Shark House (Credit: Getty Images)
Michelle Obama rented out the Shark House (Credit: Getty Images)

The Obamas might be leaving the swamp and heading for the hills.

Former First Lady Michelle Obama spent some time in the Hollywood Hills this week to possibly look for a new home for her and former President Barack Obama, TMZ reported.

After his second term in the White House ended, the Obamas decided to stay in Washington, D.C., until their daughter Sasha graduated from high school, which she did last month. Wasting no time, Michelle Obama rented a 12,000-square-foot spec home built by Ario Fakheri. It’s known as the “Shark House” for its open-air aquarium with small sharks.

TMZ reported that she was possibly checking out the neighborhood, including the Shark House, which is for sale for $23 million. It’s at the north end of the Bird Streets north of the Sunset Strip. The three-story home has seven bedrooms, 12 bathrooms, two pools, a wellness center and a movie theater.

The Obamas will likely be happy to learn about the stalling high-end market in Los Angeles, including in the Bird Streets. In fact, the price tag for the Shark House has been cut by 35 percent. It first hit the market for $35 million one year ago. It was relisted for $29 million last December, and now it has another $6 million cut.

The locale would be particularly convenient considering the Obama’s deal to produce several projects with Netflix, which owns a massive new Hollywood office. Also, when the home was relisted in December, the seller added a two-year private jet membership.

Tomer Fridman and Kurt Rappaport have the listing. [TMZ]Gregory Cornfield


Related Articles

arrow_forward_ios
Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

Mohamed Hadid and his ill-fated spec mansion

Hadid’s Bel Air mansion must be torn down: city

Simon Fuller and his wife, Natalie

Off key: “American Idol” creator cuts price on Bel Air home

Kawhi Leonard and LeBron James with their California homes (Credit: Getty Images and Redfin)

Real estate rivalry: How the stars of the Lakers and Clippers live

Rachel Bloom and Matt Leinart (Credit: Getty Images)

Actress Rachel Bloom sues Matt Leinart-tied developer over house defects

Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

arrow_forward_ios