When the Obamas leave the White House in January 2017 they will lease a 1928 mansion featuring nine bedrooms and eight-and-a-half bathrooms. At the end of Mr Obama's second term in office the first family will lease the home reportedly owned by Joe Lockhart, former White House press secretary in the Bill Clinton administration.
The house is an 8,200-square-foot brick Tudor, and might cost $22,000 a month to rent, according to an estimate on the real estate website Zillow. It is currently valued at $7 million, according to D.C. tax assessments. It has a generous living room and dining room, a finished downstairs family room/media room, and an au-pair suite, which could be useful to the Obama family since First Lady Michelle Obama's mother has been living with the family for years. When it was last listed for sale, it was described as meticulously renovated, with gracious living rooms, exquisite finishes, a stunning oversized terrace with formal gardens, and a courtyard with enough space for 8-10 vehicles.
It is located in the upscale embassy neighborhood, next door to a former congressman and down the street from the French ambassador's residence, and around the corner from the oldest house in the city. It is about two miles from the White House, and a half-mile from the D.C. home of Hillary and Bill Clinton.