Late last May, Town & Country revealed that the Obamas are moving to the exclusive Kalorama neighborhood of Washington, D.C. after they leave the White House.
The First Family is reportedly moving to an 8,200 square-foot house, eight-bedroom, nine-and-a-half-bathroom owned by Joe Lockhart and his wife Giovanna Gray.
Lockhart served as press secretary and senior advisor to President Bill Clinton from 1998 to 2000 and also advised John Kerry during his presidential bid. Lockhart and his family, from whom the Obamas will rent the property, reportedly moved to Manhattan in February when he accepted a job as executive vice president of communications with the NFL. Gray is the Washington Editor of Glamour magazine.
The house, which is reportedly worth $6.35 million, includes parking for up to 10 cars (good for his lifetime Secret Service detail!) and a full suite ready for Michelle Obama’s mother, Marian Robinson, to move into as well. (Robinson lives with the family in the White House.)
Kalorama has been home to several past presidents going back to Woodrow Wilson, William Howard Taft, Franklin D. Roosevelt, Warren G. Harding, and Herbert Hoover. Obama is reportedly the first president to stay in D.C. immediately after leaving the White House since Wilson left office in 1921.
A four-bedroom house in the area averages about $2.8 million, and a luxury real estate broker told the Washington Business Journal that the Obamas would probably need to spend $5 to $7 million for a property that met their needs (the president’s net worth is reportedly between $2 and $7 million).
The Obamas are staying in the area so that their younger daughter, Sasha, can finish school at Sidwell Friends in Northwest D.C.. Moving to Kalorama will cut her commute in half—although traffic probably isn’t typically a problem for a first daughter.
(via Elle Decor)