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How Many Properties Do the Obamas Own?

Alex KataevbyAlex Kataev·Sep 3, 2024
In Short

The Obamas own at least 2 confirmed properties. These properties include a mansion in Martha's Vineyard, Massachusetts and a home in Chicago, Illinois. They also own a residence in Washington, D.C. that they initially rented. The Martha's Vineyard estate is their most recent and expensive acquisition among the houses owned by Barack and Michelle Obama, purchased for $11.75 million in 2019.

Confirmed Obama properties and real estate holdings

  • Martha's Vineyard mansion (Obama real estate holdings):

    • Purchased in 2019 for $11.75 million
    • Located on Turkeyland Cove Road, Edgartown, Massachusetts
    • 6,892 square feet with 7 bedrooms and 8.5 bathrooms
    • Sits on 29.3 acres near Edgartown Great Pond
  • Chicago home (Houses owned by Barack and Michelle Obama):

    • Located at 5046 S Greenwood Ave, Chicago, Illinois
    • Purchased in 2005 for $1.65 million
    • Georgian-style home in the Hyde Park neighborhood
    • The Obamas still own this property as of 2024

Washington D.C. property (How many properties do the Obamas own?)

  • Washington D.C. residence:
    • Located in the Kalorama neighborhood
    • Initially rented in 2017 after leaving the White House
    • The Obamas later purchased this property for $8.1 million in May 2017

Post-presidency financial activities

  • Book deals and speaking engagements:

    • Signed a joint book deal with Michelle Obama for an estimated $65 million
    • Earns significant income from speaking engagements, with fees up to $400,000 per speech
  • Netflix production deal:

    • Signed a production deal with Netflix, contributing to their increased net worth
  • Obama Presidential Center:

    • Fundraising for an $800 million library-and-museum complex in Chicago

FAQ

How many properties do the Obamas own?

The Obamas own at least 3 confirmed properties: a mansion in Martha's Vineyard, Massachusetts, a home in Chicago, Illinois, and a residence in Washington, D.C.

What are the main Obama real estate holdings?

The main Obama real estate holdings include their Martha's Vineyard mansion, purchased for $11.75 million in 2019, their Chicago home bought in 2005 for $1.65 million, and their Washington D.C. residence acquired in 2017 for $8.1 million.

Which is the most expensive property among the houses owned by Barack and Michelle Obama?

The most expensive property among the houses owned by Barack and Michelle Obama is their Martha's Vineyard mansion, which they purchased for $11.75 million in 2019.

Where is the Obamas' Chicago home located?

The Obamas' Chicago home is located at 5046 S Greenwood Ave in the Hyde Park neighborhood of Chicago, Illinois.

What are the details of the Obamas' Martha's Vineyard property?

The Obamas' Martha's Vineyard property is located on Turkeyland Cove Road in Edgartown, Massachusetts. It spans 6,892 square feet with 7 bedrooms and 8.5 bathrooms, sitting on 29.3 acres near Edgartown Great Pond.