Barack and Michelle Obama reportedly just spent $11.75 million on a house on Martha's Vineyard, an affluent vacation island in Massachusetts.
The family bought the home through a nominee trust from Wycliffe Grousbeck, the owner of the Boston Celtics, and Corinne Basler Grousbeck, the Vineyard Gazette reported.
The Obamas have spent several summer vacations on Martha's Vineyard, and rumors have swirled for years that they were contemplating buying a home there.
The nearly 7,000-square-foot home sits on 29 waterfront acres overlooking Edgartown Great Pond.
Source: LandVest Martha's Vineyard
... and a circular formal dining room with a wall of windows overlooking the grounds.
Source: LandVest Martha's Vineyard
The interior is decorated in neutral tones with natural wood accents.
Source: LandVest Martha's Vineyard
The living room features vaulted ceilings with exposed steel beams and a stone fireplace as the focal point.
Source: LandVest Martha's Vineyard
And there are several other seating and entertainment spaces throughout the home.
Source: LandVest Martha's Vineyard
The master bedroom features high ceilings and glass doors that open up to the outdoors.
Source: LandVest Martha's Vineyard
Listing photos show a minimalist bathroom with glossy white subway tiles.
Source: LandVest Martha's Vineyard
One of the bedrooms is set up with bunk beds for children or multiple guests.
Source: LandVest Martha's Vineyard
There's also an outdoor swimming pool, as well as a hot tub on a second-floor balcony.
Source: LandVest Martha's Vineyard
Next to the pool is an al fresco dining area shaded with trees and greenery.
There's also an outdoor screened porch with an outdoor fireplace.
Source: LandVest Martha's Vineyard
