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Gerret Conover and Thomas LeClair, partners at LandVest Martha’s Vineyard, were the listing and selling brokers for the property. Mr. Conover confirmed the sale via email, and that the property was previously owned by Wyc Grousbeck, owner of the Boston Celtics.
The sale price was more than $3 million less than the asking price for the almost 7,000-square-foot home on the Edgartown Great Pond, according to records. It was most recently listed for $14.85 million, but has seen several price cuts since it was first listed in February 2015 for $22.5 million.
Mr. Conover and Mr. LeClair took over from another agency later in May 2017, relisting the property for $19.25 million, records show. It was cut to $16.25 million in May 2018 and then again in July 2019 to $14.85 million. Both agents declined to comment further on any other details of the sale.
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Mr. Grousbeck bought the estate in 1998 for $3.15 million, according to property records. He did not return requests for comment.
Rumors about the Obamas buying the Edgartown home have been swirling since the summer, when the family rented the residence, The Wall Street Journal reported at the time. Representatives for the family declined to comment.
The Obamas have summered on the Vineyard for years, and they aren't the only politicians who are fond of the coastal New England area. The Clinton family has spent time there, and former Secretary of State and Massachusetts Senator John Kerry bought a home there in 2017. Red Gate Farm, the former estate of Jacqueline Kennedy Onassis, is currently on the market there for $65 million, according to LandVest.