Update: Taylor Swift Buys Rhode Island Mansion for $17 Million Cold, Hard Cash

Just a few weeks back, the propertazzi went berserk over pop crooner Taylor Swift "touring" a huge and famous mansion on Rhode Island. Now, news is out that she has closed the deal on a prime beach-front property for $17 million, all in cold, hard cash!

According to TMZ, Swift wired the money over to the sellers. Movers were also spotted at the house. Swift scores brownie points for her bargaining prowess too. Apparently, the home was listed for $24 million but she has snagged it for a good discount of $7 million.

Swift was home hunting in the area for some time. She even took a look at the 11,000 square feet "Harkness House", a historic home that sits on 5.2 acres of land. Anyhow, the one that she has purchased is dubbed "The High Watch" because it sits on a high mound overlooking 700 feet of shoreline, reports Real Estalker.

The house was built in the 1930s and spans an area of more than 11,000 square feet. Comprising of eight bedrooms, ten full and one half bathroom and eight fireplaces, the four story place is a luxurious mega mansion.

The main floor has multiple reception/living rooms, a 45-feet-long sun room, a 36-foot-large parlor, a huge modern kitchen and a big adjoining family room. A guest bedroom with an attached bathroom also exists on the main floor. The second floor has four other bedrooms, all with en-suite bathrooms and the master suite with two attached baths. Other features of the home include a recreation room, a wet bar, a roof terrace and multiple balconies that open out to the beautiful ocean.

Outside, the home has a five- car heated garage and an uneven B-shaped swimming pool with an adjacent pool house / gym.

Check out the photos of the home, here.

Apparently, Swift and her family will be using the home as a summer home. Swift is famous for her impulsive buying. The singer purchased or was rumored-to-have-purchased a home near every single guy she dated. But this real estate move is tied down more to "investment" issues.

However, this move has garnered some skeptical and critical comments from the public. On a related feature in E Online, a commenter wrote:

"Shouldn't she find her summer romance next before buying a summer house?"

Swift fans have been really supportive though. In response to the "what-Taylor-would-call-hurtful" comments, one fan says:

"Evidently, she is listening to her parents and making even more money by investing in Real Estate. Not too shabby. If I were 23 again, and had that kind of money, I would date, have fun, enjoy life and stop listening to jerks who make stupid comments about my love life. Live it up while you can!"

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