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Truth & Rumors: Tiger Woods loses money in condo sale

Not even Tiger Woods is immune to a bad real estate purchase. According to the L.A. Times, Woods recently sold a condo in Corona del Mar, Calif., for $2,217,875. Woods bought the property in 2004 for a cool $3 million.

The town-house-style unit features an open-plan living room on the second story to take advantage of views of Santa Catalina Island. Features include high ceilings, a balcony, three bedrooms, a loft, three bathrooms and 2,000 square feet of living space.
Fortunately for Woods, he's won three times this season and has already collected nearly $5 million in on-the-course earnings. And that's before the PGA Tour playoffs kick off next week at the Barclays. As we know, the winner of the FedEx Cup gets $10 million.
One piece of property Woods doesn't regret buying is his new pad in Jupiter, Fla., which features a pool, tennis court, dock and, of course, a huge practice facility. Photos: How Tiger Makes His Millions | Tiger as a Kid | Tiger's Practice Facility
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by Kevin Cunningham