Golfer Denis Watson cuts price of Palisades home

Pro golfer

Denis Watson


and his wife, attorney

Susan Loggans,

have taken 24% off the price they were asking a year ago for their Pacific Palisades compound and relisted it for $17.95 million.

The renovated Mediterranean-style estate, built in 1982, includes nine bedrooms, 91/2 bathrooms and 10,000 square feet of living space. The 2.5-acre equestrian property features a guesthouse, a tennis court, a swimming pool, corrals and a stream.

Watson, 56, had three PGA tour wins before joining the Champions Tour when he turned 50. He was voted Rookie of the Year in 2007 and has four tour wins.

Watson and Loggans bought the property in 2004 from former Gov.

Arnold Schwarzenegger


Maria Shriver

for $7.95 million, according to public records.

Shauna Walters and Sally Forster Jones of Coldwell Banker's Beverly Hills South office are the listing agents.