(Image credit: Apartment Therapy )
With the President's vacation to Martha's Vineyard is this month, it's said that the Obamas will be staying at a new, modern abode. The Chilmark House, valued at $7.6 million, has an infinity pool, gym, a pond, and ocean views on 9 and a half acres. Click through to HuffPost Home for more photos. 

In other news, YouTube releases MixBit, and JC Penney searches for a new CEO. See the headlines after the jump.

• President Obama And Family's New Vacation Home Is Reportedly The Chilmark House On Martha's Vineyard | HuffPost Home 
• YouTube Founders Release Video App To Rival Vine, Instagram | Fast Company
• Sources Say J.C. Penney Is Looking For A New CEO... Again | Fast Company

(Image: SKL Architects)