Greg Norman Raises The Price On His Florida Home

by Deidre Woollard (RSS feed)
Aug 11th 2009 at 7:01AM

Up, down and back up again, I'm noticing a strange trend in high-end real estate that might, just might, be a sign of increased real estate exuberance. Some of the most expensive homes with the biggest price dips are suddenly reversing the trend, amending previous discounts. Case in point, Greg Norman's Jupiter Island, Florida home. It first hit the market for $65 million in 2007 which seemed a bit ridiculous considering that it had been assessed at just $21 million and Norman and his ex-wife had bought the home in 1991 for only $4.9 million. Therefore it wasn't a huge surprise when the price went tumbling down to $47.5 million. But what's this? A peek at the listing with Corcoran reveals Norman has boosted the price again, all the way back up to $60 million. Why the price increase? It could herald a resurgence of Florida's high end real estate. It's definitely a reflection of the work he spent renovating the home. But while the price has gone back up the listing pictures remain the same so we can only imagine what Norman did to the place.

As the Real Deal pointed out last month, if Norman gets his asking price it would set a record price for a property on the island, a record currently held by fellow golfer Tiger Woods who spent over $40 million for a home he tore down to create a new family compound. After an acrimonious divorce, Norman married tennis star Chris Evert and the two now live in her Florida home. Norman plays on the senior's golf tour and also has various golf course projects as well as his own wine label, clothing line and other businesses. Norman's ex-wife Laura Andrassy is entitled to $17.5 million in proceeds from the eventual sale of the house.

Norman's golf paradise includes nine bedrooms over six structures. 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.

Gallery: Greg Norman's Tranquility

Tags: estate, florida, greg norman, GregNorman, jupiter island, JupiterIsland, tranquility

Filed under: Estates, Celebrity Shopping

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Reader Comments (Page 1 of 1)

cmiller2071 Aug 12th 2009 7:56AM

I wonder if someone could update me on Norman's ex-wife. Is she remarried
and living where? Also, how about Chris Evert's ex-husband, same questions.
Still would like to see him win the Masters. Too late, I guess.
Thanks,
Cindy

Deidre Woollard Aug 12th 2009 1:36PM

I don't know too much about what's going on with Laura Andrassy, the Real LI said she splits her time between Palm Beach and the Hamptons (http://weblogs.newsday.com/realestate/blog/2009/01/_the_home_that_laura.html)

Evert's last hubby was Andy Mill, a former Olympic skier and now also a dedicated fisherman spends most of his time in Aspen in the $4 million house he got in the divorce.