Hawaii home rented to Obamas going on the market

(CBS) The first family is spending the Christmas and New Year's holidays in a 6,000-square-foot new rental in the same Paradise Point Planatation neighborhood where they have vacationed for the last three years.

Pictures: The Obama family's Hawaiian holiday

According to toptenrealestatedeals.com, the home with disappearing glass walls, a covered lanai, an outdoor kitchen and views of the Pacific Ocean and Kailua Bay, is down the street from the house the Obamas had been renting since 2008.

The new home is furnished in South Seas plantation style and has a lagoon-type pool-spa.

David Dunham of Hawaii Beach Rentals, who is managing the leasing arrangements, told the website the house will go up for sale after the Obamas go back to Washington. The price will be about $7.9 million, he said.

He refused to comment on what the rental cost was.