President-elect Barack Obama and his family are spending the Christmas vacation in Hawaii. Their digs for the holidays is an exclusive Kailua beachfront estate on the island of Oahu. Read more about it below, see photos and a video.

The One and his family will spend 12 days vacationing in Kailua before taking up residence in the White House. Aides have said the Obamas and their friends traveling with them are expected to cover the costs of their stay in Hawaii. A typical Kailua Beach rental price for the property could not immediately be found, although one home for sale on the block has a price of $7.9 million.

The Obama family entourage included reporters, photographers and Secret Service agents on a non-stop flight aboard a chartered—and largely empty—Boeing 767 that departed from O’Hare International Airport on Saturday morning for the roughly nine-hour flight.

During The One’s island vacation of golf, bodysurfing, and going to the gym to keep his body toned, aides are expected to release a document outlining any contacts Obama staff members had with Governor Rod Blagojevich or his administration. Most likely this document will be dumped during the holiday period when most people’s attention is on family, Christmas, and presents.

And while the liberals swoon over a shirtless Obama, Michelle was spotted wearing a sensible one-piece. Thank Goodness.

Barack Obama Bodysurfing Video