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President Obama's summer rental in Martha's Vineyard sold

December 8, 2011 - The home in Martha's Vineyard that President Barack Obama has rented the last three summers has sold for $21.9 million, making it one of the highest-priced family houses in Vineyard history, says one source.

British architect Norman Foster reportedly bought the home from William Van Devender who originally listed it for $24.5 million in September. Foster is best known for designing the new Wembley Stadium, while Van Devender is a timber mogul.

The estate, better known as Blue Heron Farm, sits on 28.5 acres and has two houses, a boathouse and resides right on the water. One report says the home rents for $50,000 a week. The new owners can enjoy horse back riding through an apple orchard, and there is also a 150-year-old barn and farmhouse. For the perfect summer workout, there are tennis and basketball courts.

Reports say that the Van Devender family is moving to the West Coast, but it has yet to be reported where Obama and his family will spend their summer.

 

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