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. 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. But Taylor, whose earnings last year topped $57 million according to Forbes, could certainly afford to live in the home. The white mansion is reported to be over 11,000-square-foot and sits atop more than five acres - and would make an excellent vacation home for her famously close family. Although, the country singer already owns a home in Beverly Hills, California and a penthouse duplex in Nashville, Tennessee, which she considers her main residence.