President Obama and his family will reportedly lease an 8,200-square foot mansion in Washington, D.C.’s Kalorama neighborhood after they leave the White House.
Sources confirmed Wednesday to Politico that the Obamas will rent the mansion owned by Joe Lockhart and Giovanna Gray a day after it was reported by National Journal that they had settled on the Kalorma neighborhood.
The first family said in March they would stay in Washington after the president’s second term ends to allow their younger daughter, Sasha, to finish high school at Sidwell Friends School. Their older daughter, Malia, graduates from the school this spring and plans to take a gap year before attending Harvard University in 2017.
The Kalorama home belongs to Lockhart, the former Clinton White House press secretary, who moved to New York City in February after he accepted a job with the NFL. Gray is the Washington editor of Glamour magazine.
According to Redfin, the home is worth nearly $6.4 million and was last sold in May 2014 for $5,295,000. It is situated on about a quarter acre in the heart of the notably high-end neighborhood.
The future home of the Obamas is roughly 2 miles north of the White House.
