Located about 35 miles from Hollywood, Spears recently moved into the home with her kids and new fiance, Jason Trawik.
The 10,000-square-foot mansion has five bedrooms and 6.5 bathrooms, according to the website TheRealEstalker. This is the third property Spears has leased in recent years, with the first being in Calabasas, California, and the other in Hidden Hills, California.
The source reported that the Thousand Oaks home, which sits on 1.8 acres, was previously up for sale for $8.9 million.
Features of the home include an indoor swimming pool, and outdoor kitchen and cabana with views of the Santa Monica Mountains. The house also features a home theater, pub and a gym.
Spears has been the target of criticism recently, with a lifestyle that has seemed ready-made for the tabloids and has included a stint in rehab, but she still has a net worth of $155 million, according to the website CelebrityNetWorth.
The average home value in Thousand Oaks is $493,500, according to Zillow.
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