Tiger Woods' ex-wife spends $12.2 million of divorce fortune on Florida mansion

Tiger Woods' ex-wife Elin Nordegren has paid $12.2 million for a new home in Florida.

Although it is a fraction of the cost of Woods' new $60 million bachelor pad, Nordegren will actually have more floor space in her mansion, reports the Daily Mail.

The golfer's house sits on 12 acres of land but his actual home is only about half the size of Nordegren's, which has over 17,000sq ft of space.

Seven months after the couple finalised their divorce Nordegren, who had been house-hunting since autumn, settled on the stunning beach-front mansion in an exclusive part of North Palm Beach.

It is located just 10 miles south of Woods' soon to be completed new bachelor pad in Jupiter Island, with the former couple having agreed to live nearby for the sake of their children.

According to the Palm Beach Post, the two-storey home, built originally in 1932, boasts eight bathrooms and a 4,700 sq ft basement.