
Barack and Michelle Obama are reportedly trying to buy a sprawling estate in Martha's Vineyard from Boston Celtics owner Wyc Grousbeck.

The home is on the market for $14.85 million, and features seven-bedrooms and nine bathrooms inside the 7000sqft main residence.

Outside the main house, there's 29 beachfront acres, a pool, chef's kitchen, outdoor fireplace, and two guest wings.

Grousbeck had the property on the market for four years, first listing it in 2015 for $22.5 million.

Barack and Michelle Obama have reportedly bought a sprawling estate in Martha's Vineyard from Boston Celtics owner Wyc Grousbeck. The home is on the market for $14.85 million, and features seven-bedrooms and nine bathrooms inside the 7000sqft main residence

Clearly enjoying life after the White House, the former President and First Lady rented out the home from the NBA side's owner, for the summer and loved it so much they made an offer to buy it, but they haven't paid the full asking price, according to TMZ.

In 2017, the price was cut back to $16,250,00, and again to the current asking price, according to realtor.com.

But not a done deal yet, as the estate, which features a private beach, is in escrow.

The Obamas won't be the first Presidential family to buy up on the Massachusetts Island.

Jackie Kennedy-Onassis kept a home there until her death in 1994, and the summer resort was popular with the whole Kennedy dynasty.

Grousbeck's former home, which was built in 2001, has huge amounts of land if the Obamas were hoping to expand.

'It's a remarkable home on an absolutely gorgeous setting,' listing agent Tom Wallace previously said 'privacy is a key feature of the property.

Outside the main house, there's 29 beachfront acres, a pool (pictured), chef's kitchen, outdoor fireplace, and two guest wings. Grousbeck had the property on the market for four years, first listing it in 2015 for $22.5 million

The Obamas won't be the first Presidential family to buy up on the Massachusetts Island. Jackie Kennedy-Onassis kept a home there until her death in 1994, and the summer resort was popular with the whole Kennedy dynasty. Grousbeck's former home, (pictured) which was built in 2001, has huge amounts of land if the Obamas were hoping to expand

A map showing the location of the Martha's Vineyard estate in the state of Massachusetts

'It certainly has the capacity to expand to more of a compound. One could build two additional full-size properties if one wanted to create a generational meeting place' he added.

Their new home is on the edge of Edgartown Great Pond, with views of the Atlantic Ocean.

It features predominantly white interiors but is surrounded by emerald-green lawns.

Michelle and Barack will have a lot of space to relax, as the master bedroom opens up to a sundeck.

While their daughters will have plenty of room to enjoy long summer breaks there.

Malia, 21, is currently studying at Harvard University, while Sasha, 18, has just Sidwell Friends School in Washington D.C.

Grousbeck (pictured at a Boston Celtics game against the Toronto Raptors in 2018) had the property on the market for four years, first listing it in 2015 for $22.5 million

The home features two fire places, and is white throughout and is surrounded by emerald-green lawns

As well as the modern family kitchen (pictured) the homes also features a chef's kitchen

Michelle and Barack will have a lot of space to relax, as the master bedroom (pictured) opens up to a sundeck

Last year, the Obamas sold their summer home on the island for $15 million. They are no strangers to the island and spend seven summers there while Barack was President.

The sprawling property, otherwise known as Chilmark House, hit the market for a whopping $17.75million in November 2016.

The contemporary home had initially been listed for $22.5million before the price was reduced to $19.125million when no offers were received.

The modern Massachusetts property boasts six bedrooms and five bathrooms which include gorgeous marble baths.

It sits on 9.5 acres of land and offers panoramic views of the Atlantic Ocean as well as access to a private beach.