The Obamas’ lavish Martha’s Vineyard estate which boasts of breathtaking views, hits the market for a jaw-dropping $39 million, but why are they selling it?

Blue Heron Farm, the stunning Martha's Vineyard property where the former president Barack Obama and his family enjoyed several summers, is on the market for sale for $39 million, as per the Wall Street Journal. The 30-acre estate in Chilmark, Massachusetts, is being sold by Maggie Gold Seelig of MSG Real Estate, as per the report.

Blue Heron Farm's History with Iconic Guests

The property features a breathtaking 7,000-square-foot main house in traditional white clapboard with a wraparound porch and stunning views, according to House Beautiful report. It also features a guesthouse, boathouse, tennis and basketball courts, an apple orchard, and private waterfront frontage on Tisbury Great Pond, according to the report.

The property was bought by British architect Lord Norman Foster and his wife, Lady Elena Ochoa Foster, in 2011 for $22.4 million, as per House Beautiful. The mansion was previously owned by Mollie and William Van Devender, who had rented it to the Obamas for their summer stays starting in 2009 till 2011, reported House Beautiful.


Since purchasing it, the Fosters had made some renovations in the property, installed a pool and pool house, and renovated the house with new landscaping and trees, as per the report. They've maintained the estate as private and haven't rented it out since they bought it, according to House Beautiful.

Blue Heron Farm has hosted many high-profile guests like the Obamas, who spent three summers there, and Bill and Hillary Clinton attended a dinner party at the estate in 1998, reported House Beautiful.

A Portion of the Sale to Benefit Local Conservation

When Blue Heron Farm sells, the Martha’s Vineyard Land Bank will also benefit from it because it collects a 2% fee on real estate transactions to support and fund local conservation efforts, as per the report. So, on a $39 million sale, the buyer would contribute $780,000 toward preserving the beauty of the island for future generations, according to the report.

FAQs

How much is Blue Heron Farm listed for?
Blue Heron Farm is listed for $39 million.

Has the property been rented out since the Fosters purchased it?
No, the Fosters have maintained the estate as a private residence and have not rented it out.