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Monday, April 29, 2013

Paid in full! Taylor Swift, 23, purchases $17M beachfront mansion with single payment in CASH

By SHYAM DODGE

Home owner: Taylor Swift is said to have purchased a beachfront mansion in Rhode Island this week, pictured in Las Vegas, in early April

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 to TMZ, 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.

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

Location, location! The mansion borders two beaches in the summer hot spot

source: read more at dailymail



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