The Obamas are rumored to be looking at Caroline Kennedy's property in Martha's Vineyard, which could cost up to $27 million

Now that they've got their home base in Washington, DC, the Obamas are reportedly looking to Martha's Vineyard for a new vacation home.

According to the Boston Globe, rumors are swirling that the former president and his family are house-hunting in the rural communities of Aquinnah, Chilmark, and West Tisbury, on the island off the coast of Massachusetts.

As the rumors go, the Obamas are centering their search on a set of two parcels owned by Caroline Kennedy and her husband, Edwin Schlossberg. The two parcels were once one 377-acre estate, called Red Gate Farm, that was owned by Jacqueline Kennedy Onassis.

Kennedy and Schlossberg divided the rural plot into two several years ago, and they're both currently on the market - one for $15 million, and the other for $12 million. It wasn't immediately clear which of the properties Barack and Michelle Obama had considered buying, or whether they were looking to buy both.

Sotheby's International Realty, whose agent George Ballantyne is listing the properties with Hancock Real Estate's Deborah Hancock, did not immediately return Business Insider's request for comment.