Barack and Michelle Obama are busting out the champagne, we imagine, to celebrate closing the deal for a mega-estate on Martha's Vineyard.
$14,850,000 ... but our sources told us the Obamas were paying much less. Now we know how much less. According to real estate records, they're plunking down $11.75 million.
That kinda dough gets them 6,900 square feet with 7 bedrooms. The enormous pad has a pool, outdoor fireplace, and vaulted ceilings. It also has 2 guest wings off the main home. Michelle and Barack test drove the house over the summer ... when they were renting it. Obviously, they were impressed and decided to make it permanent.
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