You could live in Taylor Swift's 'Blank Space' mansion - if you've got $7 million to burn

• The mansion that featured in Taylor Swift's "Blank Space" music video will be auctioned off on July 12.
• This sprawling estate on Long Island had its starting price slashed to $7 million, down from $20 million.
• The 32,000-square-foot home was built in 1917 and is situated on 16 acres of land.

Hey Swifties, do you have $7 million in change lying around? If you do, this listing might interest you.

Winfield Hall, a sprawling Long Island property, is being auctioned off on July 12. If the building looks familiar, that's because the property and its grounds were used in Taylor Swift's 2014 music video, "Blank Space."

According to the listing, the starting bid of $7 million at auction is a huge bargain, because it was slashed 65% from its initial asking price of $19.95 million.

According to Town and Country, the mansion has great views of the Long Island Sound. It was built in 1917 for businessman Frank Winfield Woolworth, founder of the original dollar store.

Town and Country noted that the estate itself was featured in a March 1920 edition of monthly magazine Architectural Record, where it was called a "big grandiose formal residence."

Per the listing, the Glen Cove property was the brainchild of architect Charles Gilbert, who made a name for himself designing hundreds of mansions. The 12-bedroom development at Winfield Hall spans a staggering 32,098 square feet and sits on 16.4 acres of land.

And if you're having guests over, or just want to re-enact scenes from Swift's music video, there are plenty of places to do just that - including sprawling lawns, a formal dining room, a towering marble staircase, an ornately decorated ballroom, and a clock tower.

The New York Post wrote that the property has belonged to architect Denise Bettencourt since 1978.