GOLFER Adam Scott, great bunker player that he is, has had an extremely costly sand "shot" on the Surfers Paradise beachfront.
Adam's dropped nearly $2.5 million on a ground-floor apartment in the very select Jade tower.
It's one of two he bought off the plan for $4.4 million each in 2004.
He unloaded the first three years later at $5.9 million, a deal that apparently involved a trade.
In his latest sale, Adam's suffered what, in golfing terms, could be called a shank.
The values have gone in the wrong direction and his $4.4 million property has sold for $1.94 million - b y far the lowest price paid for a Jade apartment.
The deal was done before he embarked on a highly successful, and profitable, four weeks of golf in Australia that included winning the Australian PGA event at the Gold Coast's RACV Royal Pines.
Adam, who owns a Sanctuary Cove house, had been trying to sell his remaining Jade apartment since 2010, initially asking $4.9 million.
Later that year it was available for rent at $1300 a week.
The buyer is a somewhat colourful Melbourne character called Bill Lewski, a former accountant who founded the Prime Retirement and Aged Care Property Trust.
Prime collapsed in 2010, with investors reportedly out of pocket to the tune of $550 million.
Bill, who's been in the sights of corporate watchdog ASIC, already had a $4.62 million stake in Jade.
Last year he bought one of the troubled project's two beachhouses.
It abuts the split-level ex-Scott apartment and he perhaps has visions of connecting the two properties.
His new buy, unlike other apartments in the tower, does not have a balcony pool but instead has a courtyard spa.
Jade was built by Sydney developer Michael 'Mick' Bezzina on a $17.5 million Northcliffe Terrace site bought in 2003.
The global financial crisis sent Mick's world crashing and since-failed funder LM Investment was left holding a raft of unsold apartments, which subsequently have been cleared.
Residents in the tower include Harbour Town developer Bernie Lewis's widow and daughter, Toni and Marnie; rich-lister and Kirra Hotel owner Brian Flannery's wife Peggy; and Brisbane developer Kim Pradella.
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