May 12, 2021

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Greg Norman sells estate for $55 million to owner of Victoria’s Key

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WEST PALM Seaside, Fla. – Environment Golf Corridor of Famer Greg Norman and his spouse, Kiki, have offered Tranquility, their sprawling Jupiter Island, Florida, estate, for $55.1 million.

The 32,000-sq.-foot estate at 382 S. Seaside Street in Hobe Sound sold on April 7. The buyer reportedly is the family of Les Wexner, chairman emeritus of L Brands, operator of Victoria’s Top secret.

The 8-acre Tranquility compound is a sprawling seashore-to-Intracoastal Waterway enclave. It characteristics 10 bedrooms, 12 bogs, six fifty percent-bathrooms, two wine cellars, two pools, a lot more than 170 feet of oceanfront and water frontage, and 370 toes of docking area on the Intracoastal. A 150-foot yacht could dock at the home.

In addition to the key property, there is a pool property, tennis property, boathouse, carriage residence, beach front dwelling furthermore a 5,000-square-foot basement.

Norman bought Tranquility in 1991 for $5 million. Since then, he has put it on the sector, taken it off the market and carried out a important renovation.

The Normans put the residence up for sale again in February for $59.9 million, landing a buyer only two weeks right after the house was shown.

A Coldwell Banker spokeswoman confirmed the sale, which is not yet recorded in Martin County community records. Having said that, an MLS listing on Monday afternoon integrated an update that the property experienced been bought for $55.095 million.

Regardless of the sale, Norman and his wife carry on to be Florida home owners.

Norman acquire in Palm Seaside Gardens

On April 8, the working day just after selling Tranquility, they turned all-around and compensated $12.2 million for a property in Previous Palm Golf Club, an exclusive non-public golf neighborhood in Palm Beach front Gardens. The retired professional golfer, nicknamed The Wonderful White Shark, conquer again rival potential buyers to snare the coveted, double-lot property at 12227 Tillinghast Circle, in accordance to individuals in real estate common with the deal.

Greg Norman has paid $12 million for a residence in Outdated Palm Golf Club in Palm Seaside Gardens.

Norman and his spouse are undertaking a amount of real estate trades in anticipation of a planned go to Australia, adhering to a bout with COVID-19 very last 12 months, in accordance to released reviews.

Norman’s new house in Old Palm is envisioned to be a 2nd residence. It is substantially smaller sized than the Jupiter Island estate, but it however is deluxe.

The 11,837-square-foot property sits on two acres and functions 6 bedrooms, 7 full bogs and two half-baths. The assets also has a tennis court docket, guest residence and a huge resort-style pool with a swim-up bar.

Rob Thomson of Waterfront Properties in Jupiter represented the Old Palm seller, Joseph Lashinger. A former casino executive, Lashinger bought the home for $5 million in 2009. He also acquired an adjacent good deal, the place he constructed the the tennis court docket and pool, Palm Beach front County home information demonstrate.

Thomson declined to remark on the sale.

But talking typically, Thomson described Aged Palm as a lushly landscaped community loaded with palm trees that evoke the sense of Palm Seaside. It is very non-public, with quite a few of its properties nestled either amid woods or on the community’s non-public golfing class, which was created by Raymond Floyd.

Connie McGinnis, Old Palm director of profits, represented Norman in the offer. He did not return a cellular phone contact searching for comment on Monday. Norman also did not return a cellular phone connect with seeking remark.

Neighbors consist of Ernie Els, Tiger Woods’ ex

Norman’s new dwelling in Aged Palm is on the same street wherever Dr. Ben Carson, former U.S. Housing and City Growth Secretary, lives with his spouse, Sweet.

Other notable Aged Palm people involve pro golfer Ernie Els and Elin Nordegren, the ex-wife of Tiger Woods. In September, Nordegren paid out $9.4 million for a house at 12251 Tillinghast Circle.

The serious estate bargains stick to Norman’s nicely-publicized bout with COVID-19 last year. Norman was hospitalized with the virus and later on urged persons to consider the condition critically.

In January, he advised Stellar magazine, an Irish publication, that he preferred to return to Australia following his struggle with COVID.

“I want to get back again to Australia as quickly as I can,” Norman stated.

Due to the fact then, the athlete-turned-businessman has been busy providing his two U.S. household compounds.

In March, he unloaded his 7 Lakes ranch in Meeker, Colorado, for $52 million, just one year soon after listing it for $60 million. He bought the 12,000-acre ranch in 2004 for $12 million.

Norman has gained far more than 90 tournaments around the globe, together with two British Opens, and he holds the distinction of owning defended his No. 1 position in the environment golf rankings for 331 months, the 2nd-longest reign in historical past.

In modern several years, Norman has develop into a occupied entrepreneur. He potential customers the Greg Norman Business, which has made far more than 100 golf programs throughout 6 continents. A little bit of renaissance male, Norman also makes wine, would make golfing-impressed apparel and has his have model of prime Wagyu beef, Greg Norman Australian Primary.

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