Taylor Swift Pays Over $17 Million In Cash For New Rhode Island Mansion

29 April 2013, 11:34

The '22' singer has been investing in more property after laying down the money for a new house.

Taylor Swift has reportedly purchased a brand new mansion in Rhode Island after forking over $17 million in a single cash payment.

The 'I Knew You Were Trouble' singer was seen visiting the property with her family earlier this month (19th April), based in the prestigious Watch Hill community of Rhode Island.

According to the Mail Online, Taylor has now paid a reported $17.75 million for the 11,000 square foot property, paying in a single wire cash transfer, after bartering the owners down from an asking price of over $20 million.

The Rhode Island mansion is the latest addition to Taylor's ever-growing property portfolio, already having her main penthouse residence in Nashville, Tennessee as well as a Beverly Hills property and a recently sold family house in Massachusetts.

Check out a picture of Taylor Swift on the cover of Elle magazine below (Credit: Carter Smith/Elle):

This month has already been a successful one for Taylor after she was nominated for a total of 11 different categories in the Billboard Music Awards 2013.

Taylor Swift has been confirmed to perform at the Capital FM Summertime Ball 2013 with Vodafone on 9th June at Wembley Stadium.