Obamas buy Martha’s Vineyard estate from Celtics owner for $11.75M

Now you are on Elizabeth Warren's most hated list and she's coming after you.

MSN

"The Obamas are said to have purchased a Martha’s Vineyard estate from Boston Celtics owner Wyc Grousbeck for a cool $11.75 million, saving multiples of million from what the estate was originally listed for.

“ 'The 29-acre Edgartown property on Turkeyland Cove Road was purchased by Turkeyland Cove Nominee Trust for $11.75 million, according to Dukes County Registry of Deeds records,” the MV Times noted. “The property had been on the market for $14.8 million, and was assessed at $15.1 million.”

"The sprawling 7,000 square-foot house includes seven bedrooms and eight full bathrooms with multiple separate wings for guests the former first couple will welcome.

"Without much net worth to speak of when he entered office in January of 2009, Obama is said to be worth a cool $70 million.

"As for Grousbeck, this sale is just a drop in the bucket. He is said to be worth over $400 million."

The UK Daily Mail calls the house a Pad fit for a president!

Good for anyone who comes by a fortune honestly (assuming that was the case) and good for those they employ. He should, however tell his political kin to stop hating on the rich; My last job in construction before entering the aerospace industry was working on a mansion in Santa Ynez, CA. for a man who had his own airstrip and racehorses. The house had sixteen fireplaces and kept me employed for months, feeding my family well. I'm fortunate to have had the job before the Warrens and the Sanders of this world got control of this nation. The Tunnel Dweller.

Jonathan Bartlett, NY Times