Rory McIlroy has sold his waterfront mansion in Palm Beach Gardens, Fla., according to the South Florida Business Journal. The 16,123-square-foot home at 2380 Old Gate Lane, which was initially listed for $12.9 million in January, ended up fetching $11.5 million, which is less than McIlroy paid for the property when he bought it six years ago.

In 2012, McIlroy purchased the six-bedroom pad, and the adjacent 0.82 acre lot, for a combined $12 million.

We’re pretty sure the 29-year-old four-time major winner can absorb the blow, though. According to a Forbes report in August, five of the 100 highest-paid athletes in the world this year were golfers, with McIlroy coming in at No. 26 on the list. All in, according to the magazine, he earned nearly $40 million on and off the course, which included $4.5 million from a PGA Tour season in which he won once and finished in the top 10 six other times.

It has been a busy year for McIlroy when it comes to real estate. In January, he also bought the former home of Ernie Els a few minutes down the road at the Bear’s Club.

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