Obamas lease $4.3 million home in tony DC neighborhood - with nine bedrooms, an exercise room, and even a butler's pantry waiting for them when they quit the White House

Obamas are choosing the manicured gardens and marble fountains of Kalorama for their new home, according to reports

They're leasing a home from ex Bill Clinton press secretary Joe Lockhart who is now a top NFL official

The elegant home has 9 bedrooms, 8 1/2 baths, and substantial garden but lies just minutes from downtown

A small exercise room has a stationary bike that could help Michelle Obama keep up her workout hobby

The choice of area is reportedly so that Sasha can finish her last two years at Sidwell Friends School

Obama said earlier this year: 'Transferring someone in the middle of high school - tough'

Former residents of the area include include Franklin D Roosevelt and Woodrow Wilson

See more Barack Obama news as he and first lady Michelle choose Kalorama suburb as post-White House home

By GEOFF EARLE, DEPUTY US POLITICAL EDITOR FOR DAILYMAIL.COM and ALEXANDRA GENOVA FOR DAILYMAIL.COM PUBLISHED: 03:11 GMT, 25 May 2016 | UPDATED: 17:57 GMT, 25 May 2016

President Obama and first lady Michelle Obama have leased a spectacular 8,200 square-foot home in one of DC's most elegant neighborhoods as their first post-White House dwelling.

The $4.3 million home features plenty of room for the Obamas to stretch out – with separate dressing rooms and his and her bathrooms, entertaining space, and a tranquil garden.

The home was built in 1928 and features nine bedrooms and eight and a half baths, according to Politico, which first reported the address.

The Obama's area leasing the house from Joe Lockhart, who served as press secretary to Bill Clinton.

Lockhart's wife, Giovanna Gray,was Washington editor of Glamour magazine. She recently completed a profile of Michelle Obama.

The home features plenty for the Obama's to brag about in D.C.'s hot real estate market.

A graceful foyer features marble flooring.

It has a gourmet kitchen featuring a six burner stove, according to an online database reviewed by Daily Mail Online.

In case the Obama's have grown accustomed to having help around the house, there is a butler's pantry.

A dining room with wood flooring can serve as an entertainment space, or a place for 'kitchen table' discussions about the family budget, now that Obama will no longer draw a government salary.

There's an upstairs office where Obama would be free to work on his memoirs, having already written two successful books that made him wealthy.

There is a wet bar and a wine cellar.

Although Obama will have to give up 'the Beast,' he will maintain Secret Service protection. The home features two parking spaces, which could be tight, but may suffice.

The most appealing part of the home is its location, in one of the nation's priciest zip codes, and just a few minutes from D.C. attractions.

The leafy enclave played host to Woodrow Wilson after he retired from the White House. FDR lived there when he was secretary of the Navy.

Donald Rumsfeld was a Kalorama resident when he ran the Pentagon for George W. Bush. The French ambassador's residence just up the road has Obama's new pad beat for style and splendor.

Hillary Clinton will be nearby even if she loses the presidency. Her D.C. home is just off nearby Embassy Row. The Clintons have maintained a $5.6 million second home there since Bill left office in 2001.

Lockhart and Gray, who had been known as a Washington power couple, have moved to Manhattan where Lockhart is the executive vice-president of communications for the NFL.

Gray was the Washington editor of Glamour magazine and is now working for it on special projects.

Lockhart, 56, was best known as Bill Clinton’s press secretary from October 1998 to September 2000, during the impeachment of the president over his lies.

He was later an adviser to John Kerry’s failed presidential campaign and has worked for Facebook as a spokesman.

His wife, 36, with whom he has a young family, was a long-term Democratic aide on Capitol Hill.

The Obamas have made the unusual decision to stay in the capital because they do not want to interrupt their younger daughter Sasha’s time at high school.

The 14-year-old is a student at Sidwell Friends School, where fees are $39,360 a year. Her elder sister will be in the middle of a year off when they leave the White House. She is then going to study at Harvard.

Obama said earlier this year: 'Transferring someone in the middle of high school - tough.'

The Obamas lease a $4.3million home in tony DC neighborhood - with nine bedrooms, an exercise room, and even a butler's pantry waiting for them when they quit the White House