Phil Collins may already own a posh pad in New York, but he just reportedly bought a Miami Beach mansion closer to his two sons — and it was once owned by Jennifer Lopez!

The palatial estate didn't come with a low price tag either. According to The Post, the 64-year-old plopped down a whopping $33 million to nab this waterfront property. J.Lo ended up selling it for $13.9 million back in 2005, but we bet she's regretting that decision now!

phil collins new home
Splash News

Although it was built in the late 1920's, the insides were gutted and completely redone to bring it up to speed. With over 12,000 square feet of living space and a master suite closet that boasts 1,000 square feet alone, the British crooner might have to do a bit of shopping to fill up the sprawling house.

RELATED: Julia Roberts Puts Her Hawaiian Estate on the Market for $30 Million!

The Mediterranean-style home is fit for a king with features such as seven bedrooms, eight full bathrooms and even a private courtyard with its very own koi pond.

RELATED: Michael Jackson's Neverland Ranch Hits the Market for $100 Million

We have no doubt the Grammy winner will enjoy his private view of the Miami skyline from his Biscane Bay property — happy decorating, Phil!