Entertainment Tonight spilled the details about Blake, 43, and Gwen's new digs on Friday, August 9.
Amenities in the place they will call home include a pool, fitness center, guest house and tennis court.
Jennifer, 50, previously lived in the home where she tied the knot with ex-husband Marc Anthony in their backyard.
The timing for this couldn't be more perfect for Blake and Gwen, who began dating four years ago in 2015.
An ET source said on Thursday, August 8, that they "are better than ever."
Don't expect a wedding date anytime soon, however. "Blake and Gwen are head over heels in love, but don't want to feel rushed to tie the knot when everything is going so well in both of their lives," the source continued. "Everyone is asking what they are waiting for, but they really just don’t want to rock the boat."
Do you think Blake and Gwen will get married at some point? Sound off in the comments.