Tiger Woods Sells Condo at a Loss

Yet another celebrity has decided to take a loss on his property sale.

Golfer Tiger Woods Corona del Mar luxury beachside condo seems to have been a bad real estate investment. The three bedroom, three bathroom, 2000 sq ft property fetched him only $2,213,875, which is $800,000 less than what he paid for in 2004.

It is not clear why Woods decided to sell his property at a loss. Woods has a property in Florida’s Jupiter Island and another one in Orlando. The Jupiter Island property features a golf course practice facility. After he purchased property on Jupiter Island in 2006, Woods designed the property in such a way that it replicated tournament-level playing scenarios.

Describing the facility, Woods wrote in his blog. “It's phenomenal. Working with my team, I designed the short-game facility and oversaw its construction. It features four greens, six bunkers with different depths and kinds of sand, a video centre and a putting studio. If no wind is blowing, the longest club I can hit is a 7-iron. It's also set up so I can hit shots out of my second-story studio.”