Greg Norman's Tranquility, Estate of the Day

by Deidre Woollard (RSS feed)
Dec 9th 2007 at 1:02PM

When a home comes on the market for an exorbitant amount the question immediately asked is, could it possibly be worth that much? And I find myself asking that after looking at the listing for Greg Norman's Jupiter Island, Florida home. We first heard about this home a few weeks ago but now the listing is up. As for as Florida real estate goes, Jupiter Island seems to be one of the few places not in an danger of a slowdown. After all, this is the rarefied spot where Tiger Woods spent around $40 million on a house he tore down.

Norman's golf paradise includes nine bedrooms over six structures. The home, known as Tranquility, has been anything but lately with a rather acrimonious divorce between the Normans. The estate is eight acres with a four-bedroom main house that was built in 1902 and has wine storage for 2,500 bottles. The main house overlooks the Intracoastal Waterway with 370 feet of waterfront, and a 140-foot dock that can accommodate a large yacht. A two-bedroom guest house faces the Atlantic and has an open porch for taking in the ocean views. There is also a grill house with a tennis court and a 50-foot pool. The listing says the estate comes with a coach house, with a four-car garage and three bedrooms and a carriage house which as a six-car garage, gym, steam room, boardroom and offices. A boat shed will also hold seven vehicles.

As the Real Estalker Mama reports, the couple bought the home in 1991 for just $4.9 million and it has been assessed at just $21 million. It's a nice place, a really nice place but $65 million? That might just be a stretch. I'd say somewhere in the $30 to $40 million range might be where this will sell at.

UPDATE: The price has been dropped to $47.5 million. It is now back up to $60 million.

Gallery: Greg Norman's Tranquility

Tags: estate of the day, florida real estate, greg norman, jupiter island, JupiterIsland, luxury real estate

Filed under: Estates, Celebrity Shopping

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DJ Dec 9th 2007 1:16PM

This house has one other claim to fame. This is where Bill Clinton fell down the stairs in the middle of the night and twisted his knee after doing some babe in the guest house.