The Nashville-based singer, 22, who is dating Robert F. Kennedy Jr.'s son Conor, 18, has bought a house in Hyannis Port, Mass., across the street from Conor's grandmother Ethel, according to several reports.
A realtor in Hyannis, Mass., confirmed the purchase to PEOPLE, saying Swift bought the property last week.
"It's in a beautiful location and right across the street from Conor and the Kennedys," the realtor says. "It's a beautiful home. She got a nice home, paid fair price. The house was on the market for two to four years."
The realtor said the property – said to be a 13-room home overlooking Nantucket Sound with seven bedrooms and five bathrooms – was originally listed for $14 million but was "way overpriced." Local reports say Swift scooped it up for $4.9 million.
Swift, who is said to be "swept off her feet" by Conor, has many admirers in the Kennedy clan, with Ethel's daughter Rory calling her "a great friend of all of ours."
Reporting by KC BAKER