Wexner family buying Greg Norman’s Jupiter compound listed for $60M: sources

Norman listed the 32K sf estate last month

Miami /
Feb.February 10, 2021 02:45 PM
Leslie Wexner and Greg Norman with the Jupiter Island property (Getty, Shawn Hood Media) 

Leslie Wexner and Greg Norman with the Jupiter Island property (Getty, Shawn Hood Media)

Retired professional golfer Greg Norman and his wife Kiki found a buyer for their $60 million South Florida compound: the family of billionaire Leslie Wexner, the founder and former CEO of L Brands, The Real Deal has learned.

The Normans listed their nearly 32,000-square-foot estate at 382 South Beach Road on Jupiter Island in late January for $59.9 million. The deal is contingent, according to Realtor.com. Sources said the buyer is the Wexner family.

Wexner, chairman emeritus of Columbus, Ohio-based L Brands, which includes Victoria’s Secret and Bath & Body Works, stepped down from his role as CEO last year. Wexner faced mounting scrutiny for his close ties to late alleged sex offender Jeffrey Epstein, whom he had hired years earlier as a personal adviser.

Jill Hertzberg of The Jills Zeder Group at Coldwell Banker and Michelle Thomson of Coldwell Banker’s Thomson Team have the listing for Norman’s property. Hertzberg declined comment.

Greg Norman, once the No. 1 golfer in the world, and his wife, founder of Norman Design Group, rebuilt the estate’s main house, pool house and beach house and renovated other parts of the 8.3-acre property, according to a press release.

The Hobe Sound property stretches from the ocean to the Intracoastal Waterway, and it includes a pool house, tennis house, boat house, beach house and orchid house. It has 10 bedrooms, 12 bathrooms, six half-bathrooms, more than 170 feet of oceanfront and water frontage, and 370 feet on the Intracoastal. A buyer could dock up to a 150-foot yacht on the Intracoastal side.

The Normans previously listed the property — initially in 2007 for $65 million — before they rebuilt the estate. They expanded the property using a permit that was set to expire, adding nearly 6,800 square feet of more floor area.

Linda Bright, an agent with Illustrated Properties, who is not involved in the deal, said the market is still very strong in Jupiter and throughout northern Palm Beach County. In Palm Beach, an oceanfront mansion is expected to close this week for nearly $140 million, a record price in Florida that would place it as one of the most expensive home sales in the U.S.

“People are coming from all areas – New York, New Jersey, Connecticut, the Midwest, California,” Bright said. “They’re escalating their retirement plans or just relocating because they can work anywhere.”

Some properties are listed as pending as soon as they hit the market, she added.

The Normans’ main house includes two 1,900-bottle wine cellars, a movie theater and bar. The pool house serves two pools and includes an outdoor kitchen, outdoor shower and pool bath. The tennis house is for the U.S. Open-sized tennis court. A nearly 1,700-square-foot boat house fits jet skis, boat and yacht equipment, and a small office for a property manager.

In addition to garage space, an employee parking lot fits about 30 cars.

Norman paid $4.9 million for the property in 1991.

Ina Cordle contributed to this report.





    Related Articles

    arrow_forward_ios
    From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)
    Luxury real estate anyone? US Open stars and their palatial pads
    Luxury real estate anyone? US Open stars and their palatial pads
    Lena Dunham and 60 Broadway (Credit: Getty Images)
    Lena Dunham’s “massive real estate mistake”
    Lena Dunham’s “massive real estate mistake”
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    Lily Collins and her Beverly Hills home (Getty, Nicholas Property Group)
    “Emily in Paris” star Lily Collins finds buyer for Beverly Hills home
    “Emily in Paris” star Lily Collins finds buyer for Beverly Hills home
    Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
    Making Lemonade: Don Lemon breaks even on Harlem condo sale
    Making Lemonade: Don Lemon breaks even on Harlem condo sale
    Danny DeVito and Rhea Perlman with their Clinton Hill home (Getty, Google Maps)
    Danny DeVito, Rhea Perlman nabbed Brooklyn home right before pandemic
    Danny DeVito, Rhea Perlman nabbed Brooklyn home right before pandemic
    The property on 73rd Street formerly owned by Grace Kelly. (Getty, StreetEasy)
    Grace Kelly’s former Upper East Side mansion returning to market
    Grace Kelly’s former Upper East Side mansion returning to market
    Fredrik Eklund and his Beverly Hills home (Getty, Redfin)
    Fredrik Eklund reps himself in $7M Beverly Hills buy
    Fredrik Eklund reps himself in $7M Beverly Hills buy
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...