Barack and Michelle Obama

The Obama's new Martha's Vineyard estate

That’s nice. They will be on an Island away from the mainland, ha.

After having spent the summer renting an estate owned by Boston Celtics owner Wyc Grousbeck, the former first family decided to put in an offer for the dreamy vacation home, reports TMZ, who first broke the news. The property is currently in escrow, so its not a done deal yet, but the website reports that both sides are confident. VIDEO