Golfing ace Tiger Woods is to demolish his $48.7 million Florida mansion to build a home less than half the size of the current property. Woods, whose wife of three years Elin Nordegren is expecting their first child this summer, plans to knock down the vast 23,000 square-foot building in the town of Jupiter Island in favor of a more "modest" home for his family.

Neighbor Joe Farnish says, "It looks like he's finally going to get some use for his money. It's been a dead asset for months."

Final plans for the property will be submitted to local authorities later this month.

(This news article provided by World Entertainment News Network)