Elin Nordegren, the ex-wife of Tiger Woods, has put her North Palm Beach, Fla., mansion on the market for $49.5 million – and as the price suggests, it is spectacular.
Located on the Atlantic Ocean and next door to the famed Seminole Golf Club, this property lives up to the old real-estate mantra: location, location, location.
Nordegren purchased the property for $12.25 million in 2011, one year after she and Woods were divorced, The Wall Street Journal reported.
She then leveled the existing structure and built 25,878 square feet of opulence designed in a British West Indies architectural style.
According to the listing by Sotheby’s International Realty, the home includes 11 bedrooms and 15 full baths, plus three half baths.
The residence sits on a 1.4-acre lot and is loaded with niceties that you might expect at a five-star resort.
The main residence features a theater, wine cellar, roof deck, subterranean gym with an observation window, plus several rooms with retractable walls of glass doors. Many rooms offer expansive views of the Atlantic Ocean.
Outside, you will find a pool and water slide, as well as a cabana house with a bar, summer kitchen and billiards table, plus a fire pit, putting green and basketball court.
A guest house provides additional living space with two apartments.
Interested buyers might ponder these numbers: A down payment of $10 million on a 30-year fixed mortgage at a 4.2 percent interest rate will leave you with an estimated monthly payment of $271,000.
What is Nordegren’s reason for selling the house? She wishes to downsize, according to the Wall Street Journal report. Her spokesman told the newspaper that the one-time model is no longer engaged in that profession and is scheduled to get her master’s degree in psychology in May.