Taylor Swift is investing big time on real estate. The young pop star has reportedly bought a Rhode Island mansion and paid a whopping $17 million in cash.
The 23-year-old star bought her fourth house for $17.75, even if the home was priced at $20 million. Her new five-acre property boasts five bedrooms, 700 feet of waterfront and more than 11,000 square feet of living space.
According to TMZ, days after Swift checked out the estate in Westerly, Rhode Island, Swift sealed the deal and movers were seen as early as April 27.
This isn’t the first investment Taylor had with real estate. She bought a Cape Cod, Mass home (reportedly to be close to then-boyfriend Conor Kennedy) then sold it for a $1 million profit. Swift even joked about it on a Vanity Fair interview saying: “I apparently buy houses near every boy I like — that’s a thing that I apparently do. If I like you, I will apparently buy up the real estate market just to freak you out so you leave me.”
Vanity Fair checked the story out and discovered Swift did buy the Cape Cod home through her management company. The mag said: “It was like a house flip. A good short-term investment.”
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