Nicole Kidman and Keith Urban purchase a new home for newborn daughter Sunday

The pair have purchased a gated, five-bedroom, five-bathroom contemporary-style home in Beverly Hills, a source close to the deal tells US

"It’s very modern with treetop and canyon views, and it has complete privacy,” the insider tells Us.

The house, which offers 4,100 square feet and features a pool and grassy backyard, also has an existing baby nursery that was done for a little boy, but “it can be easily changed for their little girl,” the source adds. “It is a very light home with floor-to-ceiling windows and lots of glass.”

Adds the source, “They've been looking for more than a year and finally decided this house was the one.”

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