Melbourne, Nov.19 : Australian golf champion has become victim of America's sagging real estate market.

Just months after ex-wife Laura Andrassy won a US 103 million dollar bitter divorce battle, Norman has been forced to slash the asking price for the former couple's Florida mansion from US65 million dollars to US47.5 million dollars, a hit of US 27 million dollars.

If Norman secures US47.5 million dollars for the four-bedroom oceanfront estate on the millionaire's paradise of Jupiter Island, he will break the record for the most expensive sale in the area, eclipsing the US44.5 million dollars Tiger Woods paid for a nearby mansion in 2006, reports the Daily Telegraph. Norman and Andrassy bought the home in 1991 for US4.5 million dollars.

It became the centerpiece of their headline-grabbing divorce battle, with accusations the man known as the Great White Shark changed the locks on the property to keep Andrassy out.

Ironically, before the marriage deteriorated the couple nicknamed the home 'Tranquility'.

Built on 3.2 hectares, the property also features a two bedroom guesthouse, a garage for 17 cars, tennis court, pool and was the focus of worldwide attention in 1997 when Norman's good friend, US President Bill Clinton, injured his knee during a visit.

ANI