Tiger Woods' ex-wife, Elin Nordegren, has razed the $12.3 million estate she purchased after her divorce settlement from the 14-time major winner.

Nordegren obtained a permit to tear down the 17,000-square-foot home, located in the Seminole Landing development near North Palm Beach, and build a new one, according to the Palm Beach Post.

She is living in a nearby condominium while the work is being done.

The house that formerly occupied the plot was built in 1932 and had eight bathrooms and an elevator, The Golf Channel reported.

The 32-year-old former model ended her six-year marriage to Woods in August 2010 amid numerous reports of his infidelity and has custody of their two children, Charlie and Sam Alexis.

She was reported to have received a $97.5 million settlement.