Former President Barack Obama’s summer vacation home on the Massachusetts island of Martha’s Vineyard sold for $37 million earlier this month to an undisclosed buyer.
The house in the town of Chilmark went on the market in the spring for $39 million. The seller was Sir Norman Foster, a renowned architect who built a contemporary pool house and pool to complement the traditional New England-style home on the property. Obama and his family stayed at the house during his first term, according to the Vineyard Gazette, before Foster bought it in 2011.
Maggie Gold Seelig of MGS Group Real Estate and Brian Dougherty of Corcoran Property Advisors, who represented Foster, declined to comment on the transaction.
The closing price is not listed on the deed recorded in the Dukes County Registry of Deeds. However, residential sales on the island are subject to a 2% fee that goes to the Martha’s Vineyard Land Bank. In this case, the land bank collected $740,000, executive director James Lengyel told Homes.com.
The median single-family home price in Chilmark in June was about $3.7 million, according to Homes.com data, with 35 active listings.