{"id":27628,"date":"2020-09-17T10:37:21","date_gmt":"2020-09-16T22:37:21","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27628"},"modified":"2020-09-17T10:37:21","modified_gmt":"2020-09-16T22:37:21","slug":"why-did-elin-nordegren-sell-her-palm-beach-home-at-a-big-discount","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-did-elin-nordegren-sell-her-palm-beach-home-at-a-big-discount\/","title":{"rendered":"Why did Elin Nordegren sell her Palm Beach home at a big discount?"},"content":{"rendered":"<p><strong>PHOTO: Elin Nordegren | The Blast<\/strong><\/p>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\" data-page=\"1\" data-item-type=\"depthscroll\" data-item-id=\"depth_scroll_top\" data-item-number=\"top\">Elin Nordegren has finally sold her\u00a0North Palm Beach\u00a0estate, according to multiple\u00a0news reports.<\/p>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">The former wife of the golfer <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/tiger-woods-ex-lindsey-vonn-picks-up-a-renovated-beverly-hills-villa\/&amp;sa=U&amp;ved=2ahUKEwik_KOm3e7rAhWYzzgGHYZtAc0QFjADegQIBxAC&amp;usg=AOvVaw0D_Mv7yX5jE4EOIdCSonte\">Tiger Woods<\/a> let the custom-built mansion go for $29 million. According to\u00a0the Real Deal, the buyer is Russell Weiner, the founder of Rockstar Energy Drink.<\/p>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">While undoubtedly a large sum, the sale price is a steep 41% drop from the initial\u00a0asking price\u00a0of $49.5 million in 2018. Last winter, Nordegren\u00a0dropped the price\u00a0just a bit, to $44.5 million, before accepting the much lower offer.<\/p>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">So why the nearly half-off sale? It might be all about unfulfilled aspiration.<\/p>\n<div class=\"aspect-ratio-container gallery-photo-backdrop\">\n<div class=\"lightbox-image animated undefined\"><img decoding=\"async\" data-src=\"https:\/\/www.orlandosentinel.com\/resizer\/54d8PC2S2uJggIq6oQ1BU5yg68M=\/fit-in\/800x533\/smart\/filters:fill(black)\/cloudfront-us-east-1.images.arcpublishing.com\/tronc\/2LJXPGY26BCJHLN2UCRAE7AWG4.jpg\" alt=\"Tiger Woods' ex, Elin Nordegren, selling mansion on Florida coast\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><em><strong><button class=\"button-slider button-icon button-xl \" name=\"right\" aria-label=\"Next image\"><\/button><button class=\"button-slider button-icon button-xl \" name=\"right\" aria-label=\"Next image\"><\/button><\/strong><\/em><\/div>\n<\/div>\n<div class=\"gallery-image-info flex-container-row align-items-start\">\n<p class=\"caption-text spaced spaced-top spaced-xs flex \"><em><strong>Tiger Woods&#8217; ex, Elin Nordegren, selling mansion on Florida coast (Realtor.com)<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"header\">\n<div class=\" crd--cnt \">\n<h2 class=\"h5 heavy-text\">First, some history on the home<\/h2>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">Nordegren purchased the property in 2011 for $12.25 million, after her divorce from Woods.<\/p>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">She proceeded to demolish the existing home and built a mansion whose construction was completed in 2014. And while she undoubtedly poured millions into it, it\u2019s possible that she strolled away with a modest profit or broke even.<\/p>\n<\/div>\n<\/div>\n<div class=\"crd clln--it\" data-type=\"text\">\n<div class=\" crd--cnt \">\n<p class=\"\">\u201cConsider building at $500 a square foot, multiplied by 23,000 living square feet, and that equals $11.5 million,\u201d estimates Jeff Lichtenstein, owner and broker of\u00a0<a href=\"https:\/\/www.echofineproperties.com\/\">Echo Fine Properties<\/a>, a luxury real estate brokerage that sells real estate in Palm Beach County.<\/p>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.orlandosentinel.com\/business\/real-estate\/luxury-real-estate\/sns-rdc-why-did-elin-nordegren-sell-at-discount-20200916-7g2bxeoamraihi5ra6tar3i2n4-story.html\">ORLANDO SENITEL<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Cricket star Smith set to transform luxury home\" href=\"https:\/\/propertynoise.co.nz\/au\/cricket-star-smith-set-to-transform-luxury-home\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/05\/Steve-Smith.jpg?fit=600%2C373&amp;ssl=1&amp;resize=40%2C40\" alt=\"Cricket star Smith set to transform luxury home\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Cricket star Smith set to transform luxury home\" href=\"https:\/\/propertynoise.co.nz\/au\/cricket-star-smith-set-to-transform-luxury-home\/\" data-bump-view=\"tp\">Cricket star Smith set to transform luxury home<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Looking for a bargain home? 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":27629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098545,478098546,478111484,478111480,478098519,478098535,478111485,478111481,478111486,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478111483,478111482,478101061],"class_list":["entry","author-data123nz","post-27628","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-celebrity","tag-celebrity-property","tag-echo-fine-properties","tag-elin-nordegren","tag-home-ownership","tag-house-prices","tag-luxury-real-estate-brokerage","tag-north-palm-beach-estate","tag-palm-beach-county","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-rockstar-energy-drink","tag-russell-weine","tag-tiger-woods"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why did Elin Nordegren sell her Palm Beach home at a big discount? - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/why-did-elin-nordegren-sell-her-palm-beach-home-at-a-big-discount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why did Elin Nordegren sell her Palm Beach home at a big discount? - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Elin Nordegren | The Blast Elin Nordegren has finallyRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/why-did-elin-nordegren-sell-her-palm-beach-home-at-a-big-discount\/\" 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