Tiger Woods sells his home for a loss
August 13, 2012
PGA champion Tiger Woods isn't winning on the green, and his luck is continuing along that vein in the real estate market. Woods recently sold his condo in Corona del Mar, California, for a loss, ABC News reports.
The property sold for just $2.2 million - significantly under Woods' original purchase price of $3 million in 2004. The home features beautiful views of Catalina Island, 2,000 square feet of living space, three bedrooms, three bathrooms and a loft. According to Relocation.com, the house was built in a Spanish-style design.
This is not the only house Woods has sold in the past year - he sold his Windermere, Florida, home just a few months before this sale. In addition, the pro-golfer may not be the one moving out of the home. The source claims that Woods' ex-wife has been seen at the property more often and could be the one soon calling for the services of a moving and relocation company.
While Tiger Woods may be disappointed in how the property fared in the current housing market, he may find his next residential purchase a better financial investment when property values begin to increase.
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