Elin Nordegren, the former wife of Tiger Woods, bought an INSANE mansion in North Palm Beach, Fla., for $12.3 million last year. That piece is now straight up bulldozed.

She is building a new palace on the lot as we speak.

Elin is living in the San Remo condominiums, an oceanfront development in nearby Juno Beach, while her new home is being built, according to local officials.

Palm Beach County issued the demolition permit for the 17,000-SF, circa 1932 property on December 16 and it is active until June 17, official records show.

The 77-acre development is among the top five most exclusive communities in Palm Beach County, according to real estate agents with knowledge of the area.

A listing for a house on the same street as Elin Nordegren has an asking price of $18.9 million. One can only imagine what her new home is going to be worth.

She won’t need a Florida mortgage to finance it, though. Elin, who divorced Tiger in 2010 following his string of infidelities, is now worth $100 million-plus.

[Photo: Pacific Coast News]

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Tags: Elin Nordegren Woods, Sports

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Filed under: Elin Nordegren Woods - Sports
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