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Professional golfer Greg Norman has listed his long-held Jupiter Island, Florida, estate for $59.9 million. The property, named "Tranquility," has been completely rebuilt and spans over 8 ocean-to-Intracoastal acres, offering a rare combination of luxury amenities and privacy. After owning the property for roughly three decades, Norman and his wife, designer Kiki Norman, decided it was time to move on, presenting a unique opportunity for a buyer seeking a turnkey tropical compound.
What Makes This Jupiter Island Property a Trophy Estate?
A trophy property is a term for a unique, high-value real estate asset, often characterized by its prime location, architectural significance, and extensive amenities. The Norman estate epitomizes this classification. Its most defining feature is its direct access to both the Atlantic Ocean and the Intracoastal Waterway, a rare find even in exclusive markets. The property includes 172 feet of ocean frontage and 370 feet on the Intracoastal, with dockage capable of handling a 150-foot yacht. Based on our experience assessment, such dual-frontage properties are highly sought after for their unparalleled boating access and panoramic water views.
What Are the Key Features of the Main House and Grounds?
The main house, a new construction designed by Kiki Norman, embodies a "barefoot elegance" aesthetic with a modern, tropical feel. The living space is designed for large-scale entertaining and includes 10 bedrooms, 12 full bathrooms, and 6 half-bathrooms. Key amenities include a 1,900-bottle wine cellar, a movie theater, a trophy room, and multiple bars and entertaining spaces. The floor-to-ceiling glass doors open to decks that maximize the water vistas. The estate's 8.31 acres also host several other structures, including a brand-new poolhouse, a tennis court with an adjoining tennis house, a two-bedroom beach house, and a three-bedroom carriage house with a gym, which can serve as guest housing.
Why Is This Listing Significant in the Current Florida Market?
Listed at $59.9 million, the property's price reflects its status as a fully customized, turnkey compound. The Normans purchased the original property in 1991 for just under $5 million and undertook a complete rebuild. This level of investment in both the land and structures signifies a premium product. The listing arrives as the luxury real estate market in South Florida remains active, with high demand for properties offering privacy, security, and extensive amenities. The estate's scale and condition mean a new owner would not need to undertake major renovations, which is a significant consideration at this price point.
What Should a Potential Buyer Consider?
For a prospective buyer, the estate offers a complete lifestyle package. The combination of privacy, direct ocean and Intracoastal access, and resort-level amenities is exceptionally rare. The existing permit for an additional structure provides flexibility for further customization. It is important to conduct thorough due diligence, including a review of environmental regulations for coastal properties and an assessment of annual property tax obligations, which are levies imposed by the local government on real estate. Engaging a qualified real estate attorney and a specialized luxury agent is a critical step in the transaction process.
In conclusion, Greg Norman's "Tranquility" represents a top-tier opportunity in the Florida luxury market. The property's most compelling attributes are its unique dual-waterfront position, its completely updated and expansive living spaces, and its design tailored for both grand entertaining and private family life. For a buyer seeking a definitive trophy estate, this listing warrants serious consideration.
