Taylor Swift has bought a waterfront 7-bedroom mansion in Watch Hill, R.I. for around $17 million in cash, according to TMZ and The Real Estalker blog. The 5-acre property was listed for $23 million in 2011, but Swift may have gotten a discount if she paid in cash. In 2012, Swift bought a home in Hyannis Port, Mass. but then sold it in November.

Here's Taylor and Ed on her current tour.