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Obama shells out almost $22 million on bizarre island retreat

Barack and Michelle Obama are planning on buying a massive Martha’s Vineyard estate.

The Obamas’ are in contract to buy an almost 12-hectare beachfront property, with a massive 640sqm main house.

According to the NY Post, the family were just renting the beachfront house for the summer but quickly fell in love and made an offer.

The seven-bedroom, eight-bathroom property certainly has room for everyone and has a living room with vaulted ceilings and a stone fireplace.

The home also includes a chef’s kitchen and a formal dining room with giant windows. The home is located in Edgartown, Massachusetts and was formerly owned by Boston Celtics chief Wyc Grousbeck.

The master suite has a fireplace and a private sun deck for the power couple to relax in.

Outside, there’s a pool with a fireplace as well as a private beach which include a boathouse.

The location is known for its classic white-painted New England architecture and is ripe with world-class restaurants where other celebrities frequent, including David Letterman and Amy Schumer.

Scroll through the gallery to see inside the Obama’s new home.

Photo credits: Realtor.com