The $12 million 200 square-foot abode Malibu mansion Britney Spears has been attempting to sale for months is reportedly being purchased by a high-profile Hollywood director and his wife who are planning to demolish the property and begin rebuilding.

A tattle tells OK! Weekly the likely new buyers have opted to destroy the home as opposed to making costly modifications, like getting rid of ex-hubby Kevin Federline’s recording studio and relocating the swimming pool.