MICHAEL Schumacher’s wife has bought a €30 million ($A53 million) mansion in Majorca, it has been reported.

The F1 driver’s devoted spouse Corinna, 49, purchased the sweeping 161,000 sq ft estate from Real Madrid president Florentino Perez, according to German newspaper Bild.

The huge property near Andratx features two swimming pools, a large garden, a helipad, a guest villa and stunning sea views, The Sun reports.

It is believed the property will be used as a holiday home as the family continues to be based in Switzerland.

Aerial pictures show the property’s sprawling garden which features dozens of trees.

The home is also surrounded by other huge mansions on the west of the holiday island.

Schumacher’s family has remained private about his life since the seven-time F1 champion suffered a catastrophic brain injury while skiing in December 2013.

Michael, 49, and Corinna, who married in 1995, previously holidayed on the island of Majorca before his devastating accident.

Michael was put into a medically induced coma for six months after suffering a life-threatening brain injury.

The German racing legend is believed to be receiving full-time care at his home.

In 2016, his lawyer told a court Schumacher ‘cannot walk’ in response to speculation in German media about his condition.

Billionaire Perez purchased the villa for £22 million ($A39 million) in 2005.

However, he is said to have stopped visiting the estate following the death of his wife Maria in 2012.

The property was put up for sale last year.

Schumacher’s representatives have been contacted for comment.

Last month a mini museum was unveiled at Motorworld in Cologne, Germany, for Shumacher fans.

On display are the champion’s private collection of cars, trophies, helmets, hats, and firesuits.

Schumacher’s famous red wig is also on display, which he previously wore in honour of Ferrari while on the podium.

Fans are also able to get up close to his seven Ferraris that are also on display.

The exhibit also includes his championship-winning Benettons and the Jordan he debuted in 1991.

There are also lots of family photos, press-clippings and videos and testimonies from former team bosses including Jean Todt and Flavio Briatore and Schumacher’s F1 drivers Sebastian Vettel and Felipe Massa.

Fans will also see Schumacher’s Bambi Trophy, which he was awarded in 2014 while in recovery. The Bambi “Millennium” Award recognised his many years of service and inspiration to the German people.

His manager Sabine Kehm accepted the award on his behalf.

Organisers are expecting up to half a million Schumacher fans to visit each year