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Tiger Woods Buys $40 Million Florida Estate
Golf superstar Tiger Woods has agreed to pay around $40 million for a 10-acre oceanfront estate in exclusive Jupiter Island, Florida. It’s a record sale for the enclave Forbes magazine calls America’s "Most Expensive ZIP Code,” the Palm Beach Post reports. But the top-earning athlete in the U.S. – who raked in $89.4 million last year – plans to tear down the 13-year-old main house and build a new one, Palm Beach County real estate insiders say. "The main house is in very good condition, but I’d think that someone who paid that much would want to put their own stamp on it,” Dolly Peters, a real estate agent in the area, told the Post.
Story Continues Below "I’d be surprised if he didn’t tear it down.” In addition to the 16,000-square-foot main house, the property – which runs from the Atlantic Ocean to the Intracoastal Waterway – includes two guest houses, a beach house and two boat docks. Woods owns a 155-foot yacht, Privacy. Records show that the estate went under contract in December. Woods also owns property near Orlando, Fla., and in Jackson, Wyo. The top money-winner on the PGA Tour this year, Woods earned $6.4 million playing golf last year and the rest of his income from endorsements, including $25 million from Nike. The Jupiter Island estate is not far from the beachfront home that singer Celine Dion bought this year, or fellow golfer Greg Norman’s home, where then-President Clinton injured his ankle in a fall.
Editor's note:
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