After 30 years of living on an 8.3-acre property in Florida, Greg Norman and his wife Kiki downsized to another property in the Palm Beach area.
But records indicate that the word “downsizing” may not be a good fit for the newly acquired golf legend’s platform, which he bought last April for $12.2 million.
While Norman’s new home is significantly cheaper than his last home, which he sold around the same time for $55.1 million, Norman’s new home sits on 2 acres of land and spans 11,800 square feet.
By comparison, Norman, better known as the great white shark of professional golf, spent nearly 15 years building his last compound, which included a massive 32,000-square-foot main house. later sold to Billionaire Leslie Wexner’s family – Founder and former CEO of L Brand.
Although he previously discussed potential plans to relocate to his native Australia, Norman appears to be staying in place for now with this newly purchased home, located in the upscale Old Palm Golf Club neighborhood.
The amenities are endless.
Previously described as a “hideaway resort feel”, the property comes with an oversized pool, summer kitchen, poolside bar, cabanas, lounge areas throughout, tennis court, club room, theater room and private guest house.
The property consists of six bedrooms and nine bathrooms, and offers golf and lake views. There is also a gourmet kitchen with butler’s pantry, a desk with wood finishes and a fireplace.
The previous owners are former casino president Joseph A. Lachinger and Julie A. Lachinger.
Robert Thompson of Waterfront Properties and Club Communities made the list.
“My wife and I feel it’s time to move on after 30 years here,” formerly Norman Miami Herald. “COVID-19 and the entire experience of the pandemic, with social distancing and isolation from our families – most of whom live abroad – have made us realize how short life really is and have made us re-evaluate how and where we want to spend the rest of our lives.”
Norman, also 67 years old He sold his farm in Colorado last year for $40 million.
The businessman and retired professional golfer won 89 professional tournaments, including 20 PGA Tour tournaments and two major tournaments: the Open Championships in 1986 and 1993.
Norman, founder and CEO of Greg Norman – a multinational company that is said to bring in hundreds of millions of dollars in revenue annually – has a net worth of more than $400 million.