They had been renting it since leaving the White House.
Barack and Michelle Obama have purchased the home that they were renting in the Kalorama neighborhood of Washington, D.C.
The former first couple picked up the 8,200-square-foot, eight-bedroom mansion for $8.1 million, The Washington Post reported.
“Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property,” spokesman Kevin Lewis said in a statement.
Joe Lockhart, press secretary to former president Bill Clinton, purchased the home in 2014 for about $5.3 million, according to the same Post report. The house was built in the 1920s and renovated in 2011.
The swanky neighborhood has long been popular with presidents and politicos, with presidents William Taft, Warren G. Harding, Herbert Hoover, and Franklin D. Roosevelt all having lived there at some point.
The Obamas are also neighbors with President Donald Trump’s daughter Ivanka and her husband, Jared Kushner.
In the four months post-presidency, the former first couple haven’t been spending much time at home, however. Whether yachting with Bruce Springsteen and Oprah, waterskiing with Richard Branson, or jetting off to Tuscany, the Obamas have been traveling the world.