Tiger Woods Buys Real Estate in Jupiter Island, Florida with help from $54 Million Mortgage

Pro Golfer Tiger Woods, has been rumored to be looking at real estate in New York City and parts of Florida since his divorce settlement with Swedish Supermodel Elin Nordegren was resolved on August 22nd.
It looks as though the new bachelor has found the ultimate bachelor’s pad in Jupiter Island, which is a town in Southeast Florida. The new piece of real estate that Tiger has purchased, will partially be paid for with a $54 million mortgage that he filed for on August 27th. Tiger plans on paying off the mortgage by 2016 according to reports.
Jupiter Island, Florida is a very small town with a population under 800. It is on a barrier island, and is known as a place where a lot of wealthy people reside. The per capita income is the 2nd highest out of any other place in the United States.
Also living in Jupiter Island are fellow golfers Nick Price and Gary Player. They are joined by other notable names such as Celine Dion, Nelson Doubleday, Alan Jackson, and Burt Reynolds. Whether Tiger will make this his main home, or just a seasonal place to stay is not known.
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Most guys have to downgrade after a divorce – but Tiger Woods obviously isn’t most guys.
The golfer, who divorced on August 23, is preparing to move into a sprawling 10-acre ocean front estate in Florida, complete with its own backyard golf course.
And despite giving his ex-wife an estimated $100million settlement he’s obviously not short on cash, with his new pad valued at over $50million.
Woods’ new place is on ultra exclusive Jupiter Island.
Woods paid $40 million in January, 2006 and stunned locals by immediately tearing down the house hat was there even though it was only 13 years old.
Documents filed last month in Martin County show that Woods has taken out a $54.5 million mortgage on the waterfront estate.
Woods will make payments to an entity called JRD Florida Ventures LLC. It’s a Virginia company whose registered agent is an attorney with the firm that represented Woods’ ex-wife, Elin Nordegren, in their divorce.
No details of the divorce settlement have been made public. The documents say Woods will pay the mortgage in full by January 2016.
Woods and Nordegren divorced Aug. 23. Mortgage papers were dated Aug. 25.