Fourteen Years And A Demolition Later, Greg Norman Lists Jupiter Island Home For US$59.9 Million
After years of trying to sell the Florida property, the golf legend bulldozed the original home and built a 2970sqm compound in its place
After years of trying to sell the Florida property, the golf legend bulldozed the original home and built a 2970sqm compound in its place
Over a period of 14 years, golf legend Greg Norman has listed his home, reduced the price of his home, demolished his home and then replaced it with a large family compound filled with every bell and whistle he could think of.
Now he and his wife Kiki Norman have decided to sell, and are listing the customized compound for $59.9 million.
Named Tranquility, the 10-bedroom estate is over 8 acres and has nearly 2970sqm of living space, including the main house, a carriage house, a pool house, a guesthouse and a boathouse, according to the listing.
The home, completed last summer, has sprawling entertainment spaces, a bar, a trophy room and gallery, a large family room, an outdoor terrace, two offices, a luggage room and even a room for accessories like handbags, scarves and costume jewellery. There is also a more than 465sqm basement entertainment suite with a game room, a movie theatre and two 1900-bottle wine cellars.
“We’re on an island with hundreds of coconut trees, so it was very natural to build a coastal tropical beach house,” said Ms Norman, 52. “My goal was to make the house feel like we were on permanent vacation.”
Many of the home’s interior-design details were inspired by yachts, Ms Norman said, including a pair of navy banquettes in the kitchen custom designed to accommodate all the couple’s grandchildren. She said she also drew inspiration from the couple’s travels to places like St. Barts, the Bahamas, Jamaica and Australia, resulting in the incorporation of lacquered teak and high-gloss mahogany into the finishes.
The property is geared to the couple’s outdoor lifestyle, with a tennis pavilion and a gym. The construction of a pool house with an open terrace and two pools turned out to be a bonus amid the Covid-19 lockdowns.
“With it being open air, the pool house was the only real safe place to have a meal with a few friends or family that we trusted,” Ms Norman said. The boathouse is also used to accommodate Jet Skis, fishing rods and yacht equipment, and there is dockage for a yacht of roughly 150 feet.
The decision to sell the new home caps Mr Norman’s three decades on the island, which has since become one of the nation’s golf meccas. The area is home to several high-profile courses and training facilities. By 2016, The Wall Street Journal estimated that there were nearly 30 players on the PGA Tour residing in the area, including Tiger Woods and Dustin Johnson.
Mr Norman, 65, arrived in Jupiter in 1991, when he was introduced to the lush Florida island by golfer Jack Nicklaus, who lived in the area. Mr Norman was immediately drawn to the area’s laid-back lifestyle, which reminded him of his native Australia, and signed a contract for the house the same day he saw it.
“This gave me a compound where I could create my own private practice world,” Mr Norman said. “I had my own tee box and bunker and putting green. I would come home and people would think I wasn’t practising, but I’d be home practising and getting my game ready for the next week.”
For most of their years there, the Normans lived in a shingled cottage built-in 1902. It had its quirks. Some of the doorways were just 6 feet and 2 inches tall, and the staircase balustrade was just 30 inches high. “It didn’t have any insulation, not in the attic, not in the walls,” he said of the house. “As a matter of fact, it didn’t even have a foundation. It was basically buried into the sand dunes, and there wasn’t any hard foundation underneath.”
Mr Norman put that property on the market in 2007 for US$65 million but said he was just testing the market. It went on and off the market for roughly a decade and he and Ms Norman dropped the price to US$55 million in 2016. Still no buyers.
“I had a lot of people who came to take a look at it. A lot of my wealthy friends came,” said Mr Norman, noting that most of them concluded the house required too much work. “People wanted to have a turnkey property,” he said.
They decided to keep the property and upgrade it instead. Among the motivating factors was that the couple had a short window to take advantage of a permit they had to expand the property. The provision was sunsetting and wouldn’t be passed on to a new owner.
So three years ago, the couple tore down the existing house. “There one minute gone the next,” Mr Norman tweeted, as he watched a giant excavator tear down his home of close to two decades. Ms Norman snapped a photo as he stood in the giant hole left in the ground and pretended to play a bunker shot.
The Normans said they didn’t expect to be putting the finished product on the market so soon, but the Covid crisis made them re-evaluate their priorities. They want to travel more, they said, and spend more time in Australia with Mr Norman’s family. The couple also recently won their own battles with Covid-19. “This virus kicked the crap out of me like nothing I have ever experienced before,” Mr Norman wrote on Instagram. The couple has since fully recovered.
In addition to listing Tranquility, Mr Norman also recently made a deal to sell his ranch in Colorado, which had been on the market for $40 million, though it has not yet closed, he said.
Jill Hertzberg of the Jills Zeder Group and Michelle Thomson of the Thomson Team at Coldwell Banker Realty have the Florida listing.
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Unmarried home buyers say they are giving priority to a financial foundation over a legal one
The big wedding can wait. Couples are deciding they would rather take the plunge into homeownership.
In reshuffling the traditional order of adult milestones, some couples may decide not to marry at all, while others say they are willing to delay a wedding. Buying a home is as much, if not more of a commitment, they reason. It helps them build financial stability when the housing market is historically unaffordable.
In 2023, about 555,000 unmarried couples said that they had bought their home in the previous year, according to a Wall Street Journal analysis of Census Bureau data. That is up 46% from 10 years earlier, when just under 381,000 couples did the same.
Unmarried couples amounted to more than 11% of all U.S. home sales. The percentage has climbed steadily over the past two decades—a period in which marriage rates have fallen. These couples make up triple the share of the housing market that they did in the mid-1980s, according to the National Association of Realtors.
To make it work, couples must look past the significant risk that the relationship could blow up, or something could happen to one partner. Without a marriage certificate, living situations and finances are more likely to fall into limbo, attorneys say.
Mark White, 59 years old, and Sheila Davidson, 62, bought a lakeside townhouse together in Newport News, Va., in 2021. But only her name is on the deed. He sometimes worries about what would happen to the house if something happened to her. They have told their children that he should inherit the property, but don’t have formal documentation.
“We need to get him on the deed at some point,” Davidson said.
White and Davidson both had previous marriages, and decided they don’t want to do it again. They also believe tying the knot would affect their retirement benefits and tax brackets.
Couples that forgo or postpone marriage say they are giving priority to a financial foundation over a legal one. The median homeowner had nearly $400,000 in wealth in 2022, compared with roughly $10,000 for renters, according to the Federal Reserve’s Survey of Consumer Finances.
Even couples that get married first are often focused on the house. Many engaged couples ask for down-payment help in lieu of traditional wedding gifts.
“A mortgage feels like a more concrete step toward their future together than a wedding,” said Emily Luk, co-founder of Plenty, a financial website for couples.
Elise Dixon and Nick Blue, both 29, watched last year as the Fed lifted rates, ostensibly pushing up the monthly costs on a mortgage. The couple, together for four years, decided to use $80,000 of their combined savings, including an unexpected inheritance she received from her grandfather, to buy a split-level condo in Washington, D.C.
“Buying a house is actually a bigger commitment than an engagement,” Dixon said.
They did that, too, getting engaged eight months after their April 2023 closing date. They are planning a small ceremony on the Maryland waterfront next year with around 75 guests, which they expect to cost less than they spent on the home’s down payment and closing costs.
The ages at which people buy homes and enter marriages have both been trending upward. The median age of first marriage for men is 30.2, and for women, 28.6, according to the Census Bureau. That is up from 29.3 and 27.0 a decade earlier. The National Association of Realtors reported this year that the median age of first-time buyers was 38, up from 31 in 2014.
Family lawyers—and parents—sometimes suggest protections in case the unmarried couple breaks up. A prenup-like cohabitation agreement spells out who keeps the house, and how to divide the financial obligations. Without the divorce process, a split can be even messier, legal advisers say.
Family law attorneys say more unmarried people are calling for legal advice, but often balk at planning for a potential split, along with the cost of drawing up such agreements, which can range from $1,000 to $3,000, according to attorney-matching service Legal Match.
Dixon, the Washington condo buyer, said she brushed off her mother’s suggestion that she draft an agreement with Blue detailing how much she invested, figuring that their mutual trust and equal contributions made it unnecessary. (They are planning to get a prenup when they wed, she said.)
There are a lot of questions couples don’t often think about, such as whether one owner has the option to buy the other out, and how quickly they need to identify a real-estate agent if they decide to sell, said Ryan Malet, a real-estate lawyer in the D.C. region.
The legal risks often don’t deter young home buyers.
Peyton Kolb, 26, and her fiancé figured that a 150-person wedding would cost $200,000 or more. Instead, they bought a three-bedroom near Tampa with a down payment of less than $50,000.
“We could spend it all on one day, or we could invest in something that would build equity and give us space to grow,” said Kolb, who works in new-home sales.
Owning a place where guests could sleep in an extra bedroom, instead of on the couch in their old rental, “really solidified us starting our lives together,” Kolb said. Their wedding is set for next May.
Homes and weddings have both gotten more expensive, but there are signs that home prices are rising faster. From 2019 to 2023, the median sales price for existing single-family homes rose by 44%, according to the National Association of Realtors. The average cost of a wedding increased 25% over that time, according to annual survey data from The Knot.
Roughly three quarters of couples move in together before marriage, and may already be considering the trade-offs between buying and renting. The cost of both has risen sharply over the past few years, but rent rises regularly while buying with a fixed-rate mortgage caps at least some of the costs.
An $800 rent hike prompted Sonali Prabhu and Ryan Willis, both 27, to look at buying. They were already paying $3,200 in monthly rent on their two-bedroom Austin, Texas, apartment, and felt they had outgrown it while working from home.
In October, they closed on a $425,000 three-bed, three-bath house. Their mortgage payment is $200 more than their rent would have been, but they have more space. They split the down payment and she paid about $50,000 for some renovations.
Her dad’s one request was that the house face east for good fortune, she said. Both parents are eagerly awaiting an engagement.
“We’re very solid right now,” said Prabhu, who plans to get married in 2026. “The marriage will come when it comes.”