Some of the most expensive homes with the biggest price dips are suddenly reversing the trend, amending previous discounts. Case in point, Greg Norman’s Jupiter Island, Florida home. It first hit the market for $65 million in 2007 which seemed a bit ridiculous considering that it had been assessed at just $21 million and Norman and his ex-wife had bought the home in 1991 for only $4.9 million. Therefore it wasn’t a huge surprise when the price went tumbling down to $47.5 million.
“Grease” star Olivia Newton-John put her Jupiter Inlet Colony house up for sale for $6.2 million, Gossip Extra reported.
The Australian actress and singer and her husband, John Easterling, bought the house at 104 Lighthouse Drive in May 2009 for $4.1 million, the site said, citing property records.