Blake Lively and Ryan Reynolds Buy House Together

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It looks as thought Blake Lively and Ryan Reynolds are totally nesting.

Just a few days after reports surfaced that they were house hunting in Connecticut, the Gossip Girl star and her beau reportedly did buy their own place.

The couple, who were first linked late last year, "bought a beautiful country home" in Bedford, N.Y., a source tells PEOPLE. Spoiler alert: It's not cheap.

"The house cost more than $2 million," a source said of the property.

Blake Lively, Ryan Reynolds

The two actors, who starred together in the super-hero film The Green Lantern, have been seen in Boston, New York City and New Orleans in recent months.

It looks like Bedford, N.Y., is their new spot of choice, however.

Just 45 minutes outside New York City, but offering privacy in a country setting, it will serve as the perfect respite for the couple of ... several months.

They have been spotted around town doing everything from horseback riding, to buying chocolate milk and dining at the Bedford Post Inn. Quite cute really.

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Blake Lively Biography

Blake Lively in Cosmo Girl
Blake Lively is the lovely star of The CW's Gossip Girl. Blake Lively is known for her tall, lean build and striking blonde hair. Her new... More »
Tarzana, California
Full Name
Blake Christina Lively

Blake Lively Quotes

I once heard someone say that I'm similar to Paris Hilton, since I have a dog and blonde hair, that must mean we're alike.... I don't go to clubs, I don't party, I don't dance on tables, and I don't like sex tapes.

Blake Lively

At the end of the day, I want to go to dinner and watch a movie. I don't want to go to a club and not wear panties.

Blake Lively