By . Jessica Jerreat . PUBLISHED: . 23:20 EST, 9 August 2013 . | . UPDATED: . 13:45 EST, 10 August 2013 . The Obamas are in vacation-mode today, starting their annual eight-day vacation on Martha's Vineyard, where they are staying at a $7.6 million vacation home with views of the Atlantic. The First Family have been vacationing on the Vineyard for years, but this is the first time they will stay at the luxury four-bedroom Chilmark House designed by architect Rick Sundberg. With wall-to-ceiling windows, the 5,000sq ft home has stunning views over the ocean, as well as an infinity pool, tennis courts and a half basketball court. Out of office: President Barack Obama and his family left for their summer vacation today, which they will spend at a luxe vacation home on Martha's Vineyard . Holiday home: The Obamas are staying at a $7.6 million vacation house in Martha's Vineyard . Tranquil: Floor to ceiling windows look out across the ocean . Family time: The Obamas have vacationed in Martha's Vineyard with their daughters for several years . Half the cost of the President's holiday is met by the taxpayer, and the Obamas pay for the remainder, although they have met the full cost of the vacation home, which is owned by private equity expert David Schulte, according to Bloomberg. Mr Schulte contributed to both of the President's election campaigns and his run for the Senate. It is not known how much the Obamas paid to stay at the house, which was found for them by their broker who specializes in finding vacation homes for prominent politicians and royalty who have specific security needs. He has previously found rentals for the Clintons and also found the Blue Heron Farm where the Obamas previously stayed for years, until it was sold to a British architect for $22.4 million. A property expert in the town of Vineyard Haven told MailOnline that Chilmark House would 'likely run in the $40,000 to $60,000 range for the eight-day stay.' It is estimated the cost of the entire vacation, including the 75 rooms booked at a nearby hotel for staff and security, could reach $2 million. Private: The home is set in nine and a half acres and has a guest house that could house secret service agents . Exclusive: The luxury home will be the perfect place for the First Family to relax and entertain friends . Lush: Chilmark House is set on the coast and comes with an infinity pool and tennis courts . The Obamas' vacation home is on the . south coast of the Massachusetts elite playground, which is favored for . visitors who need extra security. At the entrance of the home, which . was built in 1961 and renovated in 2006, is a giant bolder left by a . retreating glacier in the Ice Age, according to Sundberg Kennedy Ly-Au . Young Architects. A guest house set in its nine and a half acres of gardens could be used by secret service agents, who will accompany the family. With the President's approval rating at 46 per cent, according to Gallup, there has been criticism that his decision to vacation in such an elite spot is insensitive, according to the Huffington Post. When he was seeking reelection last year, he skipped the family's usual vacation, but this year he plans to play golf with friends and relax with Michelle and his daughters. Natural: A boulder left by a glacier in the Ice Age is next to the entrance of the Rick Sundberg-designed house . Relaxed: After skipping his vacation to last year President Obama is keen to play some golf . Summer break: The First Family pictured arriving at the Vineyard in 2009 . While the presidents away...the staff will work. The White House will get a little sprucing up while the commander in chief is on holiday . White House face lift: Construction equipment showed up on the front lawn shortly after the president left with his family.
First Family return Saturday to the elite vacation spot after skipping annual holiday before last year's election .
Four-bedroom Chilmark House has tennis and basketball courts .
By . Jessica Jerreat . PUBLISHED: . 23:20 EST, 9 August 2013 . | . UPDATED: . 13:45 EST, 10 August 2013 . The Obamas are in vacation-mode today, starting their annual eight-day vacation on Martha's Vineyard, where they are staying at a $7.6 million vacation home with views of the Atlantic. The First Family have been vacationing on the Vineyard for years, but this is the first time they will stay at the luxury four-bedroom Chilmark House designed by architect Rick Sundberg. With wall-to-ceiling windows, the 5,000sq ft home has stunning views over the ocean, as well as an infinity pool, tennis courts and a half basketball court. Out of office: President Barack Obama and his family left for their summer vacation today, which they will spend at a luxe vacation home on Martha's Vineyard . Holiday home: The Obamas are staying at a $7.6 million vacation house in Martha's Vineyard . Tranquil: Floor to ceiling windows look out across the ocean . Family time: The Obamas have vacationed in Martha's Vineyard with their daughters for several years . Half the cost of the President's holiday is met by the taxpayer, and the Obamas pay for the remainder, although they have met the full cost of the vacation home, which is owned by private equity expert David Schulte, according to Bloomberg. Mr Schulte contributed to both of the President's election campaigns and his run for the Senate. It is not known how much the Obamas paid to stay at the house, which was found for them by their broker who specializes in finding vacation homes for prominent politicians and royalty who have specific security needs. He has previously found rentals for the Clintons and also found the Blue Heron Farm where the Obamas previously stayed for years, until it was sold to a British architect for $22.4 million. A property expert in the town of Vineyard Haven told MailOnline that Chilmark House would 'likely run in the $40,000 to $60,000 range for the eight-day stay.' It is estimated the cost of the entire vacation, including the 75 rooms booked at a nearby hotel for staff and security, could reach $2 million. Private: The home is set in nine and a half acres and has a guest house that could house secret service agents . Exclusive: The luxury home will be the perfect place for the First Family to relax and entertain friends . Lush: Chilmark House is set on the coast and comes with an infinity pool and tennis courts . The Obamas' vacation home is on the . south coast of the Massachusetts elite playground, which is favored for . visitors who need extra security. At the entrance of the home, which . was built in 1961 and renovated in 2006, is a giant bolder left by a . retreating glacier in the Ice Age, according to Sundberg Kennedy Ly-Au . Young Architects. A guest house set in its nine and a half acres of gardens could be used by secret service agents, who will accompany the family. With the President's approval rating at 46 per cent, according to Gallup, there has been criticism that his decision to vacation in such an elite spot is insensitive, according to the Huffington Post. When he was seeking reelection last year, he skipped the family's usual vacation, but this year he plans to play golf with friends and relax with Michelle and his daughters. Natural: A boulder left by a glacier in the Ice Age is next to the entrance of the Rick Sundberg-designed house . Relaxed: After skipping his vacation to last year President Obama is keen to play some golf . Summer break: The First Family pictured arriving at the Vineyard in 2009 . While the presidents away...the staff will work. The White House will get a little sprucing up while the commander in chief is on holiday . White House face lift: Construction equipment showed up on the front lawn shortly after the president left with his family.
Chilmark House designed by architect Rick perfect place for the First Family to relax and tennis courts . The Obamas' vacation home is on such an elite spot is insensitive, according to skipping his vacation to last year President