Selena Gomez has herself a swanky new pad and it definitely doesn't disappoint. The singer forked over nearly $5 million dollars for her new 11,000 square foot, 6 bedroom, 10 bathroom Encino property. The gorgeous home was custom built in 1989 for late musician and Rock and Roll Hall of Fame inductee, Tom Petty and features a gym, massage room, wine cellar, home recording studio, and a breathtaking pool.