After 30 years living on an 8.3-acre estate in Florida, Greg Norman and his wife, Kiki, have downsized to another Palm Beach-area property.
But the word “downsized” might not exactly be fitting for the golf legend’s newly purchased pad, which he bought last April for $12.2 million, records show.
While significantly cheaper than his last home, which he sold around the same time for a whopping $55.1 million, Norman’s new home sits on 2 acres of land and spans over 11,800 square feet.
Comparatively, Norman, known as the Great White Shark of pro golf, had spent nearly 15 years building his last compound, which had a massive 32,000-square-foot main house. He later sold it to the family of billionaire Leslie Wexner — the founder and former CEO of L Brand.
Although previously discussing potential plans to move to his native Australia, it appears that Norman is staying put for now with this newly purchased home, located in the upscale Old Palm Golf Club neighborhood.
And the amenities are endless.
Previously described as having the “feeling of being in a hideaway resort,” the estate comes with an oversize pool, a summer kitchen, a swim-up bar, cabanas and lounge areas throughout, a tennis court, a club room, a theater room. and a private guest house.
Made up of six bedrooms and nine bathrooms, the property boasts golf and lake views. There is also a gourmet kitchen with a butler’s pantry, and an office with wood finishes and a fireplace.
The previous owners were former casino president Joseph A. Lashinger and Julie A. Lashinger.
Robert Thomson with Waterfront Properties and Club Communities held the listing.
“My wife and I feel it is time to move on after 30 years here,” Norman previously told the Miami Herald. “Covid-19 and the whole pandemic experience, with social distancing and being isolated from our families — most of whom live overseas — this past year has made us realize how short life truly is and has caused us to re-evaluate how and where we want to spend the rest of our lives.”
Norman, 67, also sold his Colorado ranch last year for a whopping $40 million.
The entrepreneur and retired professional golfer has won 89 professional tournaments, including 20 PGA Tour tournaments and two majors: The Open Championships in 1986 and 1993.
Norman, who is the founder and CEO of the Greg Norman Company — a multinational corporation, which reportedly brings in hundreds of millions of dollars in revenue annually — has a net worth valued at over $400 million.