Remember when Nick and Mariah were looking to buy that $125 million Beverly Hills mansion once ranked as the world’s most expensive estate? Well it look like they’ve downsized quite a bit.

According to the Real Estalker, the pop star just purchased a somewhat more modest mansion in Bel Air for about $7 million.

Check out the pics below:

The private gated estate on 3 acres designed in the Hamptons style and originally built in 1950 is about 10,000-sq.-ft. with 6 bedrooms and 7 baths. The property features incredible 360-degree views and the renovated house has an “Aspen-style” great room, seven fireplaces, formal living and dining rooms, a library, media room, office, an eat in gourmet kitchen. The grounds boast three gated entrances, two motor courts, a huge rectangular swimming pool with a poolside pavilion, a large brick terrace, several lush lawns areas, a gazebo, and an Indoor racquetball court. The closing price is about $2.5 million less than the sellers were originally asking.

Are the Cannon’s planning on having a baby?

We hope that the couple plan to do some major renovating, as we are not impressed with this house.