David and Victoria Beckham reportedly paid for their £55.6 million Miami mega mansion in cash.

The former footballer, 49, and the Spice Girl turned fashion designer, 50 – who are collectively worth an impressive £450million – purchased the sprawling nine-bedroom Florida home earlier this month.

And it appears that the couple are so well off that it’s said that they didn’t need a mortgage to obtain the property, with paperwork revealing they splashed out for the home in cash, according to reports.

David and Victoria reportedly signed the deeds for the property on October 3.

A source told The Sun: ‘David and Victoria are loaded but buying a £55.6million house with cash is impressive.

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David and Victoria Beckham reportedly paid for their £55.6 million Miami mega mansion in cash

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The former footballer, 49, and the Spice Girl turned fashion designer, 50 – who are collectively worth an impressive £450million – purchased the sprawling nine-bedroom Florida home earlier this month

‘They adore it and want to spend as much time there as possible.

‘It’s their dream property and the culmination of all their hard work.’

MailOnline have contacted representatives of David and Victoria for comment.

The couple are thought to have purchased the home in order to be close to David’s team Inter Miami.

Built in 2018, the vast property which overlooks Biscayne Bay, comes with a range of stunning features, including a huge number of bedrooms, four half-bathrooms and a chef’s kitchen.

David and Victoria can also enjoy their own private cinema, a gym, a spa and a pool.

Outside, the property boasts an outdoor kitchen, a rooftop lounge and 124-feet of frontage on Biscayne Bay.

Overlooking the water and surrounded by trees, the home offers stunning views of the luxurious bay.

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It appears that the couple are so well off that it’s said that they didn’t need a mortgage to obtain the property, with paperwork revealing they splashed out for the home in cash, according to reports

David and Victoria have long been settled in the Sunshine State, and previously splashed out $20million on a full-floor 10,000-square-foot penthouse in downtown Miami in 2020.

In the heart of Miami, among the towering skyscrapers that rise above the Bay of Biscayne, the eye-catching luxury condo building by late star architect Zaha Hadid dominates the skyline.

The unique curved ‘exoskeleton’ design of the One Thousand Museum building has created buzz and is the only residential space in downtown Miami with a helipad.

The building houses 82 separate units, a Sky Lounge for residents use, an Aquatic Center, infinity-edge pool, 24-hour security and a private cinema.

Some of its quirkier features include, customised ‘scenting’ throughout the common areas, fresh flower deliveries and event planning services.

The residence, which is now said to be worth £22.6million, after the Beckhams bought it for £17.15million, is part of David and former Spice Girl Victoria’s £73million worldwide property portfolio. 

David reportedly netted a £10million mortgage for the home three years ago.

It is claimed the former footballer will have to pay back more than £40,000 per month, with the repayment being bumped up to nearly £48,000 to include taxes.

He purchased property through his firm Beckham Brand Ltd when he was setting up his Inter Miami football club, according to The Sun.

The penthouse is used as a base for the family when David works with his football team Inter Miami, their eldest child Brooklyn and his wife Nicola Peltz also live in the US, allowing the family to spend time together.

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David and Victoria have long been settled in the Sunshine State, and previously splashed out $20million on a full-floor 10,000-square-foot penthouse in downtown Miami in 2020 [pictured]

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The couple bought their swanky London mansion in 2013 for £21.4 million at the height of the London market, nestled in posh Holland Park

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David and Victoria snapped up their country retreat in the Cotswolds for a reported £6.15 million in December 2016

This mansion also adds to the Beckham family’s already-vast property portfolio, which includes their £6million ($8 million) home in the Cotswolds.

The Grade II-listed property includes a plunge pool and tennis court as part of its eye-catching list of features.

Beckham has previously shown off their garden at the home too, even revealing the vegetables he has grown.

The couple are also in the process of renovating their £31 million London mansion, which has been dubbed ‘Beckingham Palace II.’

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The couple are thought to have purchased the home in order to be close to David’s team Inter Miami

David Beckham describes what he would cook for date night

David and Victoria purchased their London mansion in 2013 for £21.4 million at the height of the London market, nestled in posh Holland Park. 

They had spent months looking for an ideal family home after David retired from football and the Beckhams were looking to make the UK their base again.

David and Victoria spent around £8 million renovating the property but despite this, it was revealed last year that the home needed urgent structural repairs to stop the raised roof terrace from collapsing. 

The 9,000 sq ft house has eight bedrooms and seven bathrooms and features a playroom, gym and spa.