--- title: The Obamas Just Bought an $8.1 Million House Around the Corner from Ivanka Trump description: World politics meets the Washington D.C. real estate market authors: - name: Taylor Tepper url: https://money.com/author/taylor-tepper-3/ at_money_since: 2013 articles: 168 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes social: - https://x.com/TaylorTepper former_staff: true published: '2017-06-01T20:10:13.000Z' modified: '2017-06-01T20:10:13.000Z' section: Housing tags: - DC real estate - obama home - President Obama - president trump word_count: 471 canonical: https://money.com/obama-trump-house-real-estate-dc/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![170601_obama trump houses DC](https://img.money.com/2017/06/170601_obamas-trumps1.jpg) The Obamas are making their extended stay in the nation's capital a little more permanent. Former president Barack Obama and former first lady Michelle have reportedly spent $8.1 million to buy the 8,200 square-foot house that they had been renting in Washington, D.C.'s posh Kalorama neighborhood. The couple moved into the [stately Tudor-style home](http://www.cbsnews.com/news/obama-family-purchases-post-white-house-d-c-home-for-8-1-million/), owned by former Clinton administration press secretary Joe Lockhart, following their eight-year stay in the White House. They plan to stay at least until their younger daughter Sasha finishes high school at Sidwell Friends. So the house remains blue. But the same can't be said for other parts of the Kalorama neighborhood, which is becoming a growing epicenter of power for both Democrats and Republicans alike. Literally around the corner from the Obamas stands the 6,780-square foot Colonial mansion where President Trump's daughter Ivanka and her husband Jared Kushner — both key advisers to the president — now live. While an Obama will likely never face a Trump on the ballot again, unless Michelle runs in four years, or Malia and Ivanka face off in the future, you can judge which of these homes, both built in the roaring 1920s, wins out. **Size** Advantage: Obama ![US-POLITICS-OBAMA](https://img.money.com/2017/06/170601_obama-trump-houses-dc-1.jpg) *A house in the Kalorama neighbourhood in Washington, DC is seen on May 26, 2016 where Barack Obama currently resides.* The [Obama residence](https://dc.curbed.com/2017/5/31/15720824/obama-home-dc-buy) has [8,200-square feet](http://www.hgtv.com/design-blog/design/tour-obama_s-future-tudor-house) of living space, and is listed as having eight or nine bedrooms, with nine and a half bathrooms, plus an au-pair suite. There's also a 10-car garage, which gives the Secret Service ample space to set up. The Trump's property is slightly smaller, [with 6,870 square feet](https://www.nytimes.com/2017/01/04/us/politics/ivanka-trump-house-kalorama-washington.html) divided among [six bedrooms and seven bathrooms](http://www.huffingtonpost.com/entry/ivanka-trump-house-washington-dc_us_586d54bee4b0eb58648bc4d7). Of course, both houses *combined* still fall short of the [27,000 square-foot](https://www.washingtonpost.com/news/reliable-source/wp/2017/01/12/jeff-bezos-is-the-anonymous-buyer-of-the-biggest-house-in-washington/?utm_term=.129bdf6d8551) former museum that Amazon.com founder and Washington Post owner Jeff Bezos recently purchased in that same neighborhood to convert into a new single-family home. **Cost** Advantage: Trump ![Ivanka Trump House](https://img.money.com/2017/06/170601_obama-trump-houses-dc.jpg) *Vehicles are parked outside the home of Ivanka Trump and Jared Kushner, in Washington.* On paper, you'd think that the Obamas should win on this front. They bought their new home for [$8.1 million](https://www.washingtonpost.com/news/reliable-source/wp/2017/05/31/the-obamas-are-buying-their-rental-home-in-washington/?utm_term=.42ad693c05e9) from the Lockharts, who themselves purchased the home for $5.3 million three years ago. By comparison, Ivanka Trump and Jared Kushner reportedly pay [$15,000 a month to rent their home](https://www.wsj.com/articles/ivanka-trump-and-jared-kushners-rent-in-washington-15-000-a-month-1491234218), which was purchased by Andrónico Luksic, a billionaire from Chile, for $5.5 million last year. So how do Ivanka and Jared come out ahead? According to Zillow, their home is currently worth $5.3 million and should fetch [about $19,800 in rent](https://www.zillow.com/homes/for_sale/2449-Tracy-Pl-NW,-Washington,-DC-20008_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy) based on that price. So the couple seems to be getting a deal. On the other hand, Zillow's "zestimate" for the true value of the Obama's new home is just $6.2 million. So they appear to be paying a premium. Of course, the zestimates for the Obamas' new home, Ivanka Trump's house, and Secretary of State [Rex Tillerson's new Kalorama mansion](http://www.realtor.com/news/celebrity-real-estate/rex-tillerson-buys-washington-dc-home/) *combined* still fall short of the [$23 million](http://www.businessinsider.com/jeff-bezos-buys-23-million-mansion-in-washington-dc-2017-1) that Bezos paid for his home — and that's not counting renovation costs. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/obama-trump-house-real-estate-dc/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Real Estate", "item": "https://money.com/real-estate/" }, { "@type": "ListItem", "position": 4, "name": "The Obamas Just Bought an $8.1 Million House Around the Corner from Ivanka Trump" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/obama-trump-house-real-estate-dc/#webpage", "url": "https://money.com/obama-trump-house-real-estate-dc/", "name": "The Obamas Just Bought an $8.1 Million House Around the Corner from Ivanka Trump", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-06-01T20:10:13.000Z", "mainEntity": { "@id": "https://money.com/obama-trump-house-real-estate-dc/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/obama-trump-house-real-estate-dc/#breadcrumb" }, "dateModified": "2017-06-01T20:10:13.000Z" }, { "@type": "Article", "headline": "The Obamas Just Bought an $8.1 Million House Around the Corner from Ivanka Trump", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/06/170601_obamas-trumps1.jpg", "width": 2880, "height": 1920, "caption": "170601_obama trump houses DC" }, { "@type": "ImageObject", "url": "https://img.money.com/2017/06/170601_obama-trump-houses-dc-1.jpg", "width": 800, "height": 373 }, { "@type": "ImageObject", "url": "https://img.money.com/2017/06/170601_obama-trump-houses-dc.jpg", "width": 800, "height": 348 } ], "author": [ { "@type": "Person", "name": "Taylor Tepper", "url": "https://money.com/author/taylor-tepper-3/", "@id": "https://money.com/author/taylor-tepper-3/#author", "image": "https://img.money.com/2014/05/14-05-21_bio_author_tepper1.jpg?quality=85&w=190&h=190&crop=1", "email": "ttepper@moneymail.com", "sameAs": [ "https://x.com/TaylorTepper" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-06-01T20:10:13.000Z", "description": "World politics meets the Washington D.C. real estate market", "abstract": "World politics meets the Washington D.C. real estate market", "@id": "https://money.com/obama-trump-house-real-estate-dc/", "inLanguage": "en-US", "dateModified": "2017-06-01T20:10:13.000Z", "wordCount": 471, "keywords": [ "DC real estate", "obama home", "President Obama", "president trump" ], "about": [ { "@type": "Thing", "name": "Housing in the United States", "sameAs": [ "https://en.wikipedia.org/wiki/Housing_in_the_United_States" ] }, { "@type": "Thing", "name": "Real estate", "sameAs": [ "https://en.wikipedia.org/wiki/Real_estate" ] } ] } ] } ```