Bernie Sanders proved capitalism is alive and well when he paid a whopping $600,000 for a lakefront home in Vermont this week.

The former presidential nominee purchased a spacious, four-bedroom home with 500 feet of beachfront on Lake Champlain that his family plans to use seasonally.

“We’ve traveled up to the islands many times over the years — almost always on day trips,” Jane Sanders said in a statement.

“We’ve been impressed with the North Hero community, eaten at the North Hero House and Shore Acres and have suggested them to friends who were looking for a beautiful place to stay or have dinner. St. Anne’s Shrine in Isle La Motte is my favorite church and it is nearby.”

“The entire family is very excited about it.” (RELATED: You Too Can Live Like Chelsea Clinton For A Mere $6 Million)

Along with their family home in Burlington, Vt., and row house on Capitol Hill in Washington, D.C., this makes the Sanders’s third property. (RELATED: The Swanky DC Mansion Where The Obamas Are Living Next)