David Duval Selling Two Colorado Mansions For $14m [BC Pad Purveyors]
At one point in his career it was evident that David Duval was about to become one of the biggest names in golf history. From 1997-2001, the guy won 13 PGA titles including the 2001 British Open. Then, suddenly, it was pretty much over. He broke up with a longtime girlfriend in 2002, married in 2003 and eventually had a house full of five kids.
Somewhere along the way, he decided to buy two HUGE Colorado mansions. Time to sell is now.
According to the Wall Street Journal, Duval is looking to pocket $14 million from the two properties.
Mr. Duval, 39, once the No. 1-ranked golfer in the world, and his wife paid $12.4 million in 2005 for their primary property, a 7½-acre estate with a total of 14,200 square feet of living space, including an 8,000-square-foot home. Now asking $9 million, its price tag was previously $15.8 million. For the other house, a 7,600-square-foot home on 4.4 acres, the couple paid $7.4 million in 2007. “You get to a point in your life where you try to simplify,” says Ms. Duval, adding that they travel frequently while Mr. Duval is playing on the PGA Tour and are looking for a home on less land in the area. The couple lived with their five children in the smaller home while renovating the larger one; both homes are in Cherry Hills Village.
Simplify is code for “We’re out of money and gotta get rid of these places soon before a bank takes them from us.” Duval has only pocketed $18mm in career earnings. Taxes destroy a good chunk of that. Then he has to pay staff. The dude cutting his grass. The private ski lessons. The private baseball pitching coach. The private chef. Etc.
Let this sink in for a moment. David Duval only made $7,600 playing golf in 2005. And only $72,000 in 2007. Do the math.
Given the choice we’re bagging that $5mm pad. Slick pool. Doesn’t appear The Shining was filmed there and has a putting green. 7 beds and 9 baths should be plenty big to spread out.
[The $9mm house - Realtor]
[The $5mm house - Realtor]