We've known for a couple of months that when the Obamas leave the White House early next year, they intend to stay in Washington, D.C. And now, thanks to reports by the National Journal and Independent Journal Review, their new neighborhood has been revealed.
The First Family is reportedly moving to a eight-bedroom, nine-and-a-half-bathroom home on Belmont road in the exclusive Kalorama neighborhood. The 8,200 square-foot house, which Washingtonian has photos of here, is owned by Joe Lockhart and his wife Giovanna Gray.
Lockhart served as press secretary and senior advisor to President Bill Clinton from 1998 to 2000 and also advised John Kerry during his presidential bid. Lockhart and his family, from whom the Obamas will rent the property, reportedly moved to Manhattan in February when he accepted a job as executive vice president of communications with the NFL. Gray is the Washington Editor of Glamour.
The house, which is reportedly worth $6.35 million, includes parking for up to 10 cars (good for his lifetime Secret Service detail!) and a full suite ready for Michelle Obama's mother, Marian Robinson, to move into as well. (Robinson now lives with the family in the White House.)
Kalorama has been home to many presidents past. Woodrow Wilson, William Howard Taft, Franklin D. Roosevelt, Warren G. Harding, and Herbert Hoover all lived there before or after their time at 1600 Pennsylvania Avenue. Obama is reportedly the first president to stay in D.C. immediately after leaving the White House since Wilson left office in 1921.
The neighborhood, which is between Massachusetts Avenue NW and Connecticut Avenue NW, has 28 embassies within its limits and is near Embassy Row, so security is already tight in the area. As a former president, Obama will receive lifetime protection from the U.S. Secret Service.
A four-bedroom house in the area averages about $2.8 million, and a luxury real estate broker told the Washington Business Journal that the Obamas would probably need to spend $5 to $7 million for a property that met their needs (President Obama's net worth is reportedly between $2 and $7 million).
The Obamas are staying in the area so that their younger daughter, Sasha, can finish school at Sidwell Friends in Northwest D.C.. Moving to Kalorama will cut her commute in half—although traffic probably isn't typically a problem for a first daughter.
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