Former professional golfer Raymond Floyd is taking another swing at selling his Southampton estate, chopping the asking price twice this month, bringing it down to $17.5 million.
The 3.25-acre estate first came onto the market for $24.995 million in August 2017. On Jan. 11, it was reduced by $5.495 million and saw another $2 million cut on Jan. 30, according to listing records on Realtor.com.
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Mr. Floyd, 75, a retired professional golfer who won four PGA majors and three Senior PGA majors and was inducted into the World Golf Hall of Fame in 1989, purchased the vacant land for $660,000 in 1996, property records show.
He then had a classic shingle-style main residence built in 1999. Dubbed "Mulligan," a term golfers use to describe the extra stroke allowed after a poor shot, the estate features covered porches, decks, patios, a tree-covered outdoor dining area, gardens, a heated pool, a Har-Tru tennis court, a two-car garage and a separate guest house, according to the listing with Sotheby’s International Realty.
In total, there are 14,000 square feet of living space, including 12 bedrooms, 12 full bathrooms and three half bathrooms.
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"The residences, while beautifully appointed, have floor plans that make them very comfortable, with myriad easy indoor/outdoor spaces across and connecting both," said Harald Grant, who’s handling the listing with his son Bruce Grant of the same brokerage firm.
Additionally, the compound is also being offered as two separate listings to attract varied interests. Excluding the four-bedroom guest house on half an acre, the main residence with over 2.75 acres can be purchased for $14.25 million.
Listing agents declined to comment on the reasons for the sale and the price reductions. Mr. Floyd wasn’t immediately available for comment.