Blue Heron Farm, the Martha's Vineyard property that President Obama and his family vacationed at in late August, has been put up for sale.
The owner, William Van Devender, a Republican timber businessman, is asking $24.5 million for the 28.5-acre estate, which is one of just a handful of large private compounds on the 87-square-mile Massachusetts island.
The property is due to be formally listed in mid-September.
The compound, which has hosted the Obamas three years running and has been rented out for $50,000 a week, is on Tisbury Great Pond in the town of Chilmark and includes two residences, equestrian facilities, a bocce ball court and a full gym.
"It's the quintessential Vineyard property -- elegant, understated; it doesn't reek of nouveau riche stuff," says Mark Jenkins of Wallace & Co. Sotheby's International Realty, which has the listing. "Perhaps the new owners will want the Obamas to be their guests."
The property also offers immediate access to a private beach on the Atlantic Ocean.
The Obamas cut their vacation short this year due to Hurricane Irene; the family returned to Washington a day early on Aug. 26.
Obama isn't the only president to visit Blue Heron Farm -- Bill Clinton attended a 1998 dinner in his honor there.