Taylor Swift Reportedly Makes $1M After Flipping Hyannis Port Home
The I Knew You Were Trouble singer has reportedly made a $1 million profit on the Hyannis Port, Massachusetts, estate she bought last summer when she was dating the high school senior.
In the April issue of Vanity Fair, a source close to Swift reveals that she recently sold the seven-bedroom home, which she bought in August, just two months before she and Kennedy split. "It was like a house-flip," the insider told the magazine. "A good short-term investment."
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That would be an understatement. Swift, 23, sold the Cape Cod-style home which is right next door to the compound belonging to her exs grandmother, Ethel two weeks ago for $5,765,000 nearly $1 million more than she paid for it, realtor Bob Kinlin confirmed to E! Online. The new owners are a couple who had been previously interested in it.
Although it appears Swift never actually lived in the home, her entourage made some improvements, including renovating the kitchen and some bathrooms, and replacing the septic system, says Kinlin, who sold the property to the singer for $4.8 million last summer.
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Swift seemed embarrassed when asked by Vanity Fair about the reports that painted her as clingy for buying a home so close to her then-boyfriends family.
"People say that about me, that I apparently buy houses near every boy I like that's a thing that I apparently do," she said, in what comes off as a denial (although that source close to her later confirmed it to VF). "If I like you I will apparently buy up the real estate market just to freak you out so you leave me."
In the end, it looks like Swift is the last one laughing all the way to the bank.
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