President Barack Obama and his family will vacation next month at a $7.6 million resort home on the exclusive island of Martha's Vineyard off Cape Cod.
The Washington Examiner
reports that the Obamas' accommodations this summer are a step down from the $21 million Blue Heron Farm they rented on the island last summer.
: Massive New Rules Revealed for 2013
Instead, the first family will spend eight days at a home owned by Chicago corporate finance manager David Schulte, situated on nearly 10 sprawling acres with ocean views and a basketball court.
The mansion features a master suite with its own den, porch, outdoor shower, and access to a gymnasium, according to the home's architect
The Obama family has been criticized for taking numerous luxurious vacations that have costs taxpayers millions of dollars, especially while many Americans are struggling to stay afloat in a sagging economy and living paycheck to paycheck.
Although the cost has not been tallied for this summer's getaway, the Obamas aren't shy about spending millions of tax dollars to take a break from the rigors of White House work. Their last four trips cost more than $20 million
Renting the Vineyard farm in previous years reportedly cost $50,000 a week. More than 70 rooms, at upwards of $345 a night each, have also been booked at the Wesley Hotel for White House staffers.
Add the cost of flying Air Force One, which the first couple often takes separately, plus travel and food costs for security and staff, communication operations, and the cost to taxpayers could easily exceeds the $2 million the administration saved by cancelingWhite House tours for school children.
has exposed the enormous cost of numerous vacations taken by the Obamas through Freedom of Information Act requests, including Michelle Obama's August 2010 Spain vacation that cost taxpayers $468,000, and an $83,000 weekend ski trip to Aspen, Colo., with her two daughters.
The first family's 2010 Hawaii vacation cost $4 million.
© 2014 Newsmax. All rights reserved.