Credit: SDFL/Splash News Online; Newscom

She certainly can afford it.

Elin Nordegren has purchased a $12 million mansion in North Palm Beach, Florida, TMZ reports.

Since her August 2010 divorce from Tiger Woods, Nordegren, 31, has divided time between Orlando and her native Sweden. Now the former model is spending some of her reported $100 million divorce settlement on a sprawling, beach front estate.

The two-story home boasts over 17,000 square-feet, eight bathrooms and a 4,700 square-foot basement.

Sticking to her promise to keep daughter Sam, 3, and son Charlie, 2, close to their dad, Nordegren's new digs are just 10 miles away from Woods' $50 million bachelor pad on Jupiter Island.

The family's nanny has been scouting out private daycare centers and schools, reports the Palm Beach Post. They are expected to move into the new home in a few weeks.

As for the scandal-plagued golfer, Woods recently talked about life as a single dad on ABC's Good Morning America. "I just love being with them," he told host Robin Roberts of his kids on Thursday. "It's just fun."