Barack Michelle Obama Just Bought a $11.75M, 7-Bedroom Martha’s Vineyard Estate: Reports

Once you go baller, you have no choice but to keep on going. The Obama’s just turned their favorite vacation home into home sweet home.

Former President Barack Obama and his former First Lady Michelle Obama  purchased a 6,892-square-foot home on Martha’s Vineyard this week.

According to TMZ, the home is located off the coast of Massachusetts.

PEOPLE confirms the seven-bedroom island mansion was sold Wednesday for $11.75 million to a trust.

The deed also names as trustee James F. Reynolds, a Chicago investment banker who has been friends with President Obama, 58, since he was a state senator in Illinois. Reynolds was a member of Obama’s national finance committee during the 2008 presidential election.

See more pics of the home here.