Katy Perry & Orlando Bloom Buy Montecito Home for $14 Million: 'They Are Very Excited,' Says Source

Katy Perry and Orlando Bloom have found their new home.

The American Idol judge, 35, and the Carnival Row actor, 43, who welcomed daughter Daisy Dove in August, recently purchased a house in Montecito, California, for around $14 million, a real estate source tells PEOPLE.

The 7,167-square-foot home, initially listed for $16.25 million, was built in 1934 and boasts six bedrooms, 12 bathrooms and sits on 8.9 acres, the source says.

A Bloom insider tells PEOPLE, "Katy grew up in Santa Barbara and always loved it there. Orlando has come to love it as well. He always enjoyed Malibu, but finds Montecito even better since it's much more private. "

"They agree that raising their little girl in Montecito will be amazing," the source adds. "They were looking for a house for a while before they put in an offer. They are very excited about their new house. It comes with a lot of history and a gorgeous ocean view."

Perry and Bloom got engaged in February 2019 after first being linked romantically back in January 2016.

On Aug. 26, the couple announced their daughter's arrival via UNICEF  — the two are Goodwill Ambassadors for the charity — sharing a black and white image of their little one grasping her dad's finger while Perry held on to the newborn's wrist. "We are floating with love and wonder from the safe and healthy arrival of our daughter," the couple said.

Daisy is the first child for Perry and the second for Bloom, who shares 9½-year-old son Flynn with ex Miranda Kerr.

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Posted @withregram • @unicef Welcome to the world, Daisy Dove Bloom! We are honoured to introduce Goodwill Ambassadors @KatyPerry and @OrlandoBloom’s new bundle of joy.⠀ ⠀ “We are floating with love and wonder from the safe and healthy arrival of our daughter,” Katy and Orlando told us.⠀ ⠀ “But we know we’re the lucky ones and not everyone can have a birthing experience as peaceful as ours was. Communities around the world are still experiencing a shortage of healthcare workers and every eleven seconds a pregnant woman or newborn dies, mostly from preventable causes. Since COVID-19 many more newborn lives are at risk because of the increased lack of access to water, soap, vaccines and medicines that prevent diseases. As parents to a newborn, this breaks our hearts, as we empathize with struggling parents now more than ever.⠀ ⠀ “As UNICEF Goodwill Ambassadors, we know UNICEF is there, on the ground, doing whatever it takes to make sure every expecting mother has access to a trained health worker and access to quality healthcare. In celebration of the heart we know our daughter already has, we have set up a donation page to celebrate DDB’s arrival. By supporting them, you are supporting a safe start to life and reimagining a healthier world for every child. We hope your ♥️ can bloom with generosity.⠀ ⠀ Gratefully-⠀ ⠀ Katy & Orlando.”⠀ ⠀ Please tap the link in our bio to support the most precious gift: a healthy child.

A post shared by KATY PERRY (@katyperry) on

In a recent interview with Entertainment Tonight, Perry praised how her fiancé "has stepped in" since the singer returned to production on American Idol's fourth season. "It's hard a little bit these first couple of days away and not being able to be there," Perry said. "But Daddy's doing a great job. Daddy has stepped in. I've seen the [BABYBJÖRN] on him, I've seen him with the bottle, I've seen all the pictures. It's all good."

The "Smile" songstress told ET that coming back to work has been "amazing," saying she feels "so grateful for this opportunity and for this job, and to be able to continue to inspire other people to go after their dreams."

"I mean, my life just feels very full and whole," she added.

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