PHOTO: The Obamas have bought a new island estate in Martha’s Vineyard. 

After years of holidaying in the area, Barack and Michelle Obama have decided to finally settle on a sprawling island estate — but it isn’t quite the presidential suite you’d expect.

Barack and Michelle Obama are close to buying a massive Martha’s Vineyard estate.

The former President and first lady are in contract to purchase a nearly 12-hectare beachfront property with a 640 sqm main house, according to the NY Post.

The Obamas were initially just renting the seven-bedroom, 8-bathroom property for summer 2019, but apparently loved it so much that they made an offer.