When a home comes on the market for an exorbitant amount the question immediately asked is, could it possibly be worth that much? And I find myself asking that after looking at the listing for Greg Norman's Jupiter Island, Florida home. We first heard about this home a few weeks ago but now the listing is up. As for as Florida real estate goes, Jupiter Island seems to be one of the few places not in an danger of a slowdown. After all, this is the rarified spot where Tiger Woods spent around $40 million on a house he tore down.

Norman's golf paradise includes nine bedrooms over six structures. The home, known as Tranquility, has been anything but lately with a rather acrimonious divorce between the Normans. The estate is eight acres with a four-bedroom main house that was built in 1902 and has wine storage for 2,500 bottles. The main house overlooks the Intracoastal Waterway with 370 feet of waterfront, and a 140-foot dock that can accommodate a large yacht. A two-bedroom guest house faces the Atlantic and has an open porch for taking in the ocean views. There is also a grill house with a tennis court and a 50-foot pool. The listing says the estate comes with boast a coach house, with a four-car garage and three bedrooms and a carriage house which as a six-car garage, gym, steam room, boardroom and offices. A boat shed will also hold seven vehicles.

As the Real Estalker Mama reports, the couple bought the home in 1991 for just $4.9 million and it has been assessed at just $21 million. It's a nice place, a really nice place but $65 million? That might just be a stretch. I'd say somewhere in the $30 to $40 million range might be where this will sell at.

Nearly two years ago we first learned of the $38 million home Tiger Woods bought on Jupiter Island in Florida. Now Tiger has torn down his 13-year-old mansion to create a new and more grand home. Tiger's architects have created a 10,000-square-foot two-story home with a glass elevator, a wine cellar, home theater and a games area. Tiger also bulldozed three other large houses, two swimming pools, basketball, tennis and volleyball courts and a mini-golf course on the property. These will be replaced by a boat house, golf training studio, three-car garage and guest house. There will also be a tennis court, gym, pool, lap lane and a small golf course and a pair of boat docks where Tiger can dock his 155-foot yacht, Privacy. The redevelopment is expected to cost in the $15-$20 million range. The home should be ready for Tiger, his wife Elin and their baby daughter Sam in 18 months. Meanwhile the family can enjoy their other homes, they have another one in Orlando, Florida as well as in California, Wyoming and Sweden.