Obama has said that he and his family will remain in Washington home after he departs 1600 Pennsylvania Avenue in January 2017, so that his youngest daughter, Sasha, can finish school. And it looks like the Obamas have settled on a neighborhood.

“We’re going to have to stay a couple of years in D.C. probably so Sasha can finish,”
Obama said in March about his youngest daughter. “Transferring someone in the middle of high school? Tough.”

Obama and first lady Michelle will lease an 8,200-square-foot mansion in the Kalorama neighborhood of D.C., according to Politico.  The house was built in 1928 and has nine bedrooms and eight-and-a-half bathrooms. According to Redfin data, the house was sold in 2014 for more than $5 million, and it is currently valued at $7 million, according to D.C. tax assessments. The residence is reportedly owned by Joe Lockhart, Glover Park Group co-founder, and his wife, Giovanna Gray Lockhart, the Washington editor of Glamour. The Lockhart house might cost $22,000 a month to rent, according to an estimate on the real estate website Zillow.

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The new house is about two miles from the White House, and a half-mile from the D.C. home of Hillary and Bill Clinton. It is located in the upscale embassy neighborhood, next door to a former congressman and down the street from the French ambassador’s residence, and around the corner from the oldest house in the city.  It has a generous living room and dining room, a finished downstairs family room/media room, and an au-pair suite, which could be useful to the Obama family since First Lady Michelle Obama’s mother has been living with the family for years. When it was last listed for sale, it was described as meticulously renovated, with gracious living rooms, exquisite finishes, a stunning oversized terrace with formal gardens, and a courtyard with enough space for 8-10 vehicles. Check the gallery below for more details.

 

News via Marketwatch.com

 

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