The Kalorama Neighborhood
Kalorama is a magnet for the wealthy and powerful. The Obamas decided to make the area home last summer as Barack Obama’s term as President was nearing a close. The neighborhood is also home to incoming First Daughter Ivanka Trump and her husband, an advisor to President Trump, Jared Kushner. Jeff Bezos, founder and CEO of Amazon and owner of the Washington Post recently became the second richest man in America, surpassing Warren Buffett, also owns a home in the distinguished neighborhood.
While Washington is already expensive, this neighborhood is near the top. The median home price is $1.3 million. One-bedroom condos in the area go for $379,000 while some luxury homes, like the Obama’s new pad, to up to around $8 million.
The Obamas are Renters
The landlord must have looked twice when receiving an application from Barack and Michelle Obama. Their new home was not a purchase, it was a rental! Just like their time in the White House, their new home may be a temporary one.
But they did not rent anything shabby. The home is fitting for a past president. The neighborhood is home to 28 embassies, many diplomats and politicians, and powerful business leaders. Obama is not the first president to move to Kalorama. Woodrow Wilson, William Howard Taft, Franklin D. Roosevelt, Warren Harding, and Herbert Hoover all called the area home at some point.
8,200 Square Foot Obama Home
The $5.3 million property that is acting as the current Obama home has nine bedrooms, eight and a half bathrooms, and modern, gorgeous decor throughout. While it is not the White House, there is still quite a lot of white in this house, as you can see in these photos.
Zillow listed the rent at over $22,000 per month. If the Obamas ever feel isolated or lonely in their new home, the Clintons live right around the corner, so they are in good company with other former White House residents.
Is it the forever Obama Home?
The Obamas plan to stay in Washington at least until their daughter graduates from high school, but we don’t know how long they plan to live there. But there are other homes for sale in the neighborhood, so if you act fact you can be neighbors with the former First Family.
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