Perhaps Bubba Watson is looking for his own segment on House Flip Or Flop.
You may recall that Watson and wife Angie purchased the former home of Tiger Woods in the upscale Orlando community of Isleworth back in March of 2013. Yes, the same house where the personal downfall of Woods began.
It was Isleworth where Woods crashed his SUV into a neighbor’s yard, allegedly trying to escape his golf club-wielding wife at the time — Elin.
You know the rest. Woods put the house up for sale and Watson stepped up and purchased it. At the time the asking price was $3,950,000 and Bubba got a bargain, paying $2.2 million.
Perhaps in an effort to get rid of some of the bad karma, Watson and Angie undertook a total remodel. “We ended up doing everything. We probably saved five percent of it,” is how Watson described the project. “We built it all around Caleb. There are like three play rooms.”
And therein lies what could be a problem for the Watsons.
With an asking price of $5.6 million, this could be a tough sell.
A real estate fact of life is that when buyers are in the $5 million-plus range, they want something exactly the way they want it. Having a house designed around a young child will certainly limit the market.
Bubba may also find out another fact of real estate flipping. It is hard to get out dollar-for-dollar what you sink in to a major renovation.
So will this flip be a flop?
Only time will tell but Watson has the financial staying power to wait it out.
