Taylor Swift buys $17m summer home

2013-04-30 15:25
Los Angeles - Taylor Swift has spent $17m on a summer home.

The I Knew You Were Trouble singer has splashed out on a mansion in Rhode Island's Watch Hill, according to TMZ.

Taylor, 23, is reported to have paid cash for the home, which was originally listed for $20m.

The savvy singer previously made almost $1m profit on a property she bought to be closer to her now ex-boyfriend Conor Kennedy.

Taylor purchased a house across the street his grandmother in Hyannis Port, Massachusetts last year for $4.8m but was eager to get rid of the 13-room house when they split after a few months together and resold it for $5.675m, earning her a profit of $875 000.

'I buy houses near every boy I like'

Taylor previously tried to deny that she ever owned the property, telling Vanity Fair magazine: "People say that about me, that 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."

However, the paperwork showed that she had, and a source close to the singer confirmed: "It was like a house-flip. A good short-term investment."

The singer and her parents fell in love with the home after spending time in the area with 18-year-old Conor, who is the son of Robert Kennedy Jr and the late Mary Kennedy, last summer.