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.

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.

Distinguished address: The home in Kalorama puts the Obamas in one of the capital's most upscale neighbourhoods.

More pics below

Room to stretch out: The house boasts a large reception area, ideal for Barack and Michelle to do a spot of entertaining post presidency