The Obamas just shelled out $8.1 million for the DC mansion they've been renting since leaving the White House

The Obamas have purchased the 8,200-square-foot home they've been living in since moving out of the White House, the Washington Post is reporting.

According to property records, the Obamas purchased the home for $8.1 million. It was previously listed for sale at $5.3 million in 2016 by Joe Lockhart, Bill Clinton's former press secretary, but it did not sell. It was then rented to the Obamas this January.

"Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property," a spokesperson for the family told the Post.

Though smaller than the Obamas' former abode, the house is still a lavish residence in a desirable neighborhood in the nation's capital. It was built in 1928, renovated in 2011, and contains nine bedrooms. The sale price makes it the second-most expensive home in the neighborhood of Kalorama, after Jeff Bezos' 2016 purchase.

The Obamas likely haven't spent much time in the home, as they have been photographed traveling the world since President Obama left office in January.