How much it costs to be Taylor Swift’s neighbour revealed

Taylor Swift is set to welcome a new neighbour after a penthouse overlooking her Rhode Island estate found a buyer just months after hitting the market.

The grand apartment atop the landmark Ocean House hotel, in the exclusive seaside pocket of Watch Hill, sits on the same stretch of coastline as Swift’s mansion, High Watch.

Swift’s residence famously inspired her song The Last Great American Dynasty.

In the hit track, Swift writes of the history surrounding the property’s previous owner, socialite Rebekah Harkness, saying she “filled the pool with champagne” and, “in a feud with the neighbour / She stole his dog and dyed it key lime green”.

It is widely reported Harkness used Dom Pérignon for the stunt. As for dyeing a pet green, it was her house guest’s cat, not a dog.

Also known as Swift’s “Holiday House”, the mansion sits on five acres of grounds and looks out over the Atlantic Ocean. It features more than 200 metres of private beachfront.

Swift frequently hosts parties in the garden, including her infamous Fourth of July events.

While the identity of Swift’s new neighbour remains a secret, the sale gives them one of the most coveted addresses in Rhode Island.

The penthouse, which first went to market in February, is the largest residence within Ocean House and the building’s only penthouse. It sold for a whopping US$20 million ($28,830,900).

Inside are three bedrooms with ensuites, two living areas, a formal dining room, a media room and a chef’s kitchen.

Outside, a private terrace has been designed as an extension of the home. It comes complete with an outdoor kitchen, a lounge area, a bathroom and a gazebo with temperature-controlled flooring.

The primary suite includes a beach-stone shower, a deep soaking bath and uninterrupted coastal views.

Ownership also comes with full membership to the exclusive Ocean House Club, giving residents access to a private beach, members’ dining facilities, a lap pool, a fitness centre, a spa, a wine cellar and a tasting room.

The current Ocean House reopened in 2010 after the original Victorian hotel, first built in 1868, was demolished due to its dilapidated condition.

The landmark was reconstructed in keeping with its historic appearance and quickly became one of New England’s most sought-after luxury destinations.

Listing agent William Hecker previously said opportunities to buy within the hotel rarely come up.

“Resales over the years have been few and far between,” he told Mansion Global.