Now he’s dropped the mic on his presidential duties, Barack Obama will swap his residency at the White House for a home in Washington D.C.’s Kalorama neighbourhood.

The nine-bedroom, eight-and-a-half bathroom property is reportedly owned by Joe Lockhart who served as White House press secretary under former President Bill Clinton.

Built in 1928, you can get a rough idea of the price tag attached to Obama’s new pad as it was sold in 2014 for more than $5 million.

“We’re going to stay a couple of years in D.C. probably so Sasha can finish,” he said in March of this year. “Transferring someone in the middle of high school? Tough.” Nice one, Obama.

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