Tiger Woods has taken out a $54m mortgage to build his new home.

Woods has spent years planning his dream house on Florida’s exclusive Jupiter Island, which is also home to Celine Dion, Burt Reynolds and fellow golfer Nick Price.

The sprawling estate will include a tennis court, oxygen therapy room, multiple pools and a state-of-the-art fitness centre.

On August 27, just four days after his divorce was finalised, Woods filed legal papers on a $54m mortgage for it, according to TMZ.

The papers, which TMZ said were filed in Martin County, also show Woods listing himself as a ’single man’ for the first time since his sex scandal broke.