Greg Norman sells in Le Lac, Miami: Aussies Abroad

Golf legend Greg Norman has unloaded his property at the fancy Le Lac neighbourhood for US$5.6 million, according to public records obtained by the Miami Herald.

According to the records, Norman also agreed to loan $2 million interest-free to the buyers for three months to ensure the deal.

Norman lost at least $1.4 million on the sale since he bought it nine years ago for $7 million.

Afer his failed attempt to develop, Norman listed the lot in 2013 for $25 million.

By 2014, it was down to $14 million for the Florida waterside offering of Greg Norman, a two time golf major winner.

He was briefly looking at a 29,000 square foot lakeside mansion development set for constructed in Florida’s Boca Raton region, Golf Week reported.

The property is close to some of Florida’s finest golf links and adjacent to the Polo Club of Boca Raton golf course.