Fourteen Years And A Demolition Later, Greg Norman Lists Jupiter Island Home For US$59.9 Million
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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

By Katherine Clarke
Fri, Jan 29, 2021 4:51amGrey Clock 4 min

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.

Greg Norman's Jupiter Island
Photo: Robert Stevens.

“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.

Greg Norman's Jupiter Island
Photo: Robert Stevens.

“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.”

Greg Norman's Jupiter Island
Photo: Robert Stevens.

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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There has been a substantial increase in the number of Australians earning high incomes who are renting their homes instead of owning them, and this may be another element contributing to higher market demand and continually rising rents, according to new research.

The portion of households with an annual income of $140,000 per year (in 2021 dollars), went from 8 percent of the private rental market in 1996 to 24 percent in 2021, according to research by the Australian Housing and Urban Research Institute (AHURI). The AHURI study highlights that longer-term declines in the rate of home ownership in Australia are likely the cause of this trend.

The biggest challenge this creates is the flow-on effect on lower-income households because they may face stronger competition for a limited supply of rental stock, and they also have less capacity to cope with rising rents that look likely to keep going up due to the entrenched undersupply.

The 2024 ANZ CoreLogic Housing Affordability Report notes that weekly rents have been rising strongly since the pandemic and are currently re-accelerating. “Nationally, annual rent growth has lifted from a recent low of 8.1 percent year-on-year in October 2023, to 8.6 percent year-on-year in March 2024,” according to the report. “The re-acceleration was particularly evident in house rents, where annual growth bottomed out at 6.8 percent in the year to September, and rose to 8.4 percent in the year to March 2024.”

Rents are also rising in markets that have experienced recent declines. “In Hobart, rent values saw a downturn of -6 percent between March and October 2023. Since bottoming out in October, rents have now moved 5 percent higher to the end of March, and are just 1 percent off the record highs in March 2023. The Canberra rental market was the only other capital city to see a decline in rents in recent years, where rent values fell -3.8 percent between June 2022 and September 2023. Since then, Canberra rents have risen 3.5 percent, and are 1 percent from the record high.”

The Productivity Commission’s review of the National Housing and Homelessness Agreement points out that high-income earners also have more capacity to relocate to cheaper markets when rents rise, which creates more competition for lower-income households competing for homes in those same areas.

ANZ CoreLogic notes that rents in lower-cost markets have risen the most in recent years, so much so that the portion of earnings that lower-income households have to dedicate to rent has reached a record high 54.3 percent. For middle-income households, it’s 32.2 percent and for high-income households, it’s just 22.9 percent. ‘Housing stress’ has long been defined as requiring more than 30 percent of income to put a roof over your head.

While some high-income households may aspire to own their own homes, rising property values have made that a difficult and long process given the years it takes to save a deposit. ANZ CoreLogic data shows it now takes a median 10.1 years in the capital cities and 9.9 years in regional areas to save a 20 percent deposit to buy a property.

It also takes 48.3 percent of income in the cities and 47.1 percent in the regions to cover mortgage repayments at today’s home loan interest rates, which is far greater than the portion of income required to service rents at a median 30.4 percent in cities and 33.3 percent in the regions.

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