Greg Norman sells estate in Florida for $55 million to owner of Victoria’s Secret

WEST PALM BEACH, Fla. – World Golf Hall of Famer Greg Norman and his wife, Kiki, have sold Tranquility, their sprawling Jupiter Island, Florida, estate, for $55.1 million.

The 32,000-square-foot estate at 382 S. Beach Road in Hobe Sound sold on April 7. The buyer reportedly is the family of Les Wexner, chairman emeritus of L Brands, owner of Victoria’s Secret.

The eight-acre Tranquility compound is a sprawling beach-to-Intracoastal Waterway enclave. It features 10 bedrooms, 12 bathrooms, six half-bathrooms, two wine cellars, two pools, more than 170 feet of oceanfront and water frontage, and 370 feet of docking space on the Intracoastal. A 150-foot yacht could dock at the property.

In addition to the main house, there’s a pool house, tennis house, boathouse, carriage house, beach house plus a 5,000-square-foot basement.

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

The Normans put the property up for sale again in February for $59.9 million, landing a buyer only two weeks after the property was listed.

A Coldwell Banker spokeswoman confirmed the sale, which is not yet recorded in Martin County public records. However, an MLS listing on Monday afternoon included an update that the property had been sold for $55.095 million.

Despite the sale, Norman and his wife continue to be Florida homeowners.

Norman buy in Palm Beach Gardens

On April 8, the day after selling Tranquility, they turned around and paid $12.2 million for a home in Old Palm Golf Club, an exclusive private golf community in Palm Beach Gardens. The retired pro golfer, nicknamed The Great White Shark, beat back rival buyers to snare the coveted, double-lot home at 12227 Tillinghast Circle, according to people in real estate familiar with the deal.

Greg Norman
Greg Norman

Greg Norman has paid $12 million for a house in Old Palm Golf Club in Palm Beach Gardens.

Norman and his wife are doing a number of real estate trades in anticipation of a planned move to Australia, following a bout with COVID-19 last year, according to published reports.

Norman’s new home in Old Palm is expected to be a second home. It is much smaller than the Jupiter Island estate, but it still is luxurious.

The 11,837-square-foot house sits on two acres and features six bedrooms, seven full bathrooms and two half-baths. The property also has a tennis court, guest house and a massive 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 house for $5 million in 2009. He also bought an adjacent lot, where he built the the tennis court and pool, Palm Beach County property records show.

Thomson declined to comment on the sale.

But speaking generally, Thomson described Old Palm as a lushly landscaped community filled with palm trees that evoke the feel of Palm Beach. It is very private, with many of its homes nestled either amid woods or on the community’s private golf course, which was designed by Raymond Floyd.

Connie McGinnis, Old Palm director of sales, represented Norman in the deal. He did not return a phone call seeking comment on Monday. Norman also did not return a phone call seeking comment.

Neighbors include Ernie Els, Tiger Woods’ ex

Norman’s new home in Old Palm is on the same street where Dr. Ben Carson, former U.S. Housing and Urban Development Secretary, lives with his wife, Candy.

Other notable Old Palm residents include pro golfer Ernie Els and Elin Nordegren, the ex-wife of Tiger Woods. In September, Nordegren paid $9.4 million for a home at 12251 Tillinghast Circle.

The real estate deals follow Norman’s well-publicized bout with COVID-19 last year. Norman was hospitalized with the virus and later urged people to take the disease seriously.

In January, he told Stellar magazine, an Irish publication, that he wanted to return to Australia after his battle with COVID.

“I want to get back to Australia as soon as I can,” Norman said.

Since then, the athlete-turned-businessman has been busy selling his two U.S. residential compounds.

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

Norman has won more than 90 tournaments worldwide, including two British Opens, and he holds the distinction of having defended his No. 1 position in the world golf rankings for 331 weeks, the second-longest reign in history.

In recent years, Norman has become a busy entrepreneur. He leads the Greg Norman Company, which has designed more than 100 golf courses across six continents. A bit of renaissance man, Norman also produces wine, makes golf-inspired apparel and has his own brand of prime Wagyu beef, Greg Norman Australian Prime.