Taylor Swift Reportedly Makes $1M After Flipping Hyannis Port Home

omg! Celeb News
March 6, 2013
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Something positive has come out after all from Taylor Swift’s brief romance with Conor Kennedy.

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."

[Related: Taylor Swift: I Don't Want to Be a 'Typical Hollywood Sad Cliche']

That would be an understatement. Swift, 23, sold the Cape Cod-style home – which is right next door to the compound belonging to her ex’s 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.

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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.

[Related: Tina Fey and Amy Poehler React to Taylor Swift's Hurt Feelings Over Golden Globes Joke]

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-boyfriend’s family.

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"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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