No one wants to buy the Obamas' former vacation rental on Martha's Vineyard

Mainzwillow.comThe Obamas enjoyed the property for its seclusion and excellent biking territory.

This isn’t just any ordinary picturesque Martha’s Vineyard estate — it has a presidential pedigree.

President Obama and his family rented this sprawling 7,000 square foot mansion for an entire summer in 2013, according to The Wall Street Journal. But that seems to not have made the house any easier to sell.

Now, it will be a little bit just a little bit cheaper to live like the First Family all year round. The house, which listed only 3 months ago for $US22.5 million, has already gotten a 15% price chop.

Sotheby’s International Real Estate has the listing.

Sitting on over nine acres of land at 120 feet above the Atlantic, the home affords bountiful ocean views of the South Shore and Chilmark Pond.

A private driveway leads to the estate, which includes a half basketball court, dock, and access to three private beaches.

With a 6,967-square-foot home designed by Seattle architect Rick Sundberg and landscape imagined by Steve Stimson, the property's interior and exterior blend seamlessly.

Long hallways are perfect for an extensive art collection or family photos.

An open living room with a fireplace and floor-to-ceiling windows brings the outdoors in.

Look out onto the water while you play a friendly game of afternoon chess.

The gourmet kitchen has a walk-in butler's pantry and T.V., so the kids can hang out nearby while you cook.

This sitting area off the kitchen is another great addition for families.

In the master bedroom wing, the First Couple had their own private deck with one of the home's five outdoor showers.

The master suite's two full baths, large closets, and separate changing room promises plenty of independent space.

On chilly nights, cross the oak and radiant-heated limestone floors and take a dip in the marble tub.

Meander down to the guest wing and you'll find three more bedrooms, two full baths, and a changing room.

If children occupy the guest wing, visitors can stay in the detached two bedroom cottage. It may not look glamorous, but it guarantees privacy.

A large backyard permits your pup to run around and play under the sun.

President Obama and daughter Malia snuck in a fun workout during their vacation. But if biking isn't your thing, the basement has a home gym and fitness room.

When the Obama family wasn't exploring the island by bike, we bet they were lounging by the heated infinity pool.

The outdoor terraces are a great place to listen to the nearby waves tumble.

On hot days, head over to the enclosed patio to escape the heat without sacrificing the gorgeous view.

This isn't just a great family home -- it's also pretty romantic.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at