Taylor Swift has been seen in the last few weeks shopping for property in Rhode Island and it appears she has settled on a mansion officially listed at $20million.
But the pop singer is apparently a savvy negotiator and got the new home for much less than its asking price.
Taylor is said to have purchased the property in full for $17.75million with a single payment via wire transfer.
Mansion on the hill: The property looks over the rocky shores of the Atlantic
According toTMZ, the transaction took place earlier this week.
Real estate insiders told the gossip website that movers were seen as early as Saturday at the beachfront property, located in the upmarket seaside community of Watch Hill, Rhode Island.
But whether the mansion is a new home for the willowy blonde is questionable - the purchase may simply be a smart investment.
Taking a tour: Taylor (far left) was seen looking at the property two weeks ago
View from the shore: The property sits atop an idyllic New England beach
Taylor bought a home in Hyannis Port, Massachusetts, which allegedly was intended to keep her close to then-boyfriend Conor Kennedy.
But the Red singer put the house on the market in the wake of her September split with the grandson of Robert F. Kennedy and sold it last month.
The sale was reported to be a $1 million profit.
A source told Vanity Fair that the house in Massachusetts was ‘like a house-flip’ and was a ‘good short-term investment.’
Quite the view: The 11,000-square-foot mansion sits atop five acres in the upmarket seaside community of Watch Hill, Rhode Island
Sweet spot: The property features many amenities, including a large swimming pool
Fully loaded: The home features French windows and high ceilings
Not a first time buyer: This is the fourth home the 23-year-old has purchased
But Taylor, whose earnings last year topped $57 million according to Forbes, could certainly afford to live in the home.
The white mansion is reported to be over 11,000-square-foot and sits atop more than five acres - and would make an excellent vacation home for her famously close family.
Although, the country singer already owns a home in Beverly Hills, California and a penthouse duplex in Nashville, Tennessee, which she considers her main residence.
Location, location! The mansion borders two beaches in the summer hot spot
Read more: Taylor Swift, 23, purchases $17M beachfront mansion with single payment in CASH | Mail Online
Follow us: @MailOnline on Twitter | DailyMail on Facebook