One of Arnold Palmer's former homes is hitting the market for the first time ever. Not surprisingly, this King's residence will cost a King's ransom.

Sitting on less than half an acre, the four-bedroom and 3.5-bath centered around a spacious living room with 16-foot beamed ceilings is hitting the market for $5 million after some impressive updates, including opening up the back of the house to see more of the top-ranked course and the Santa Rosa Mountains in the distance.

Arnold Palmer's former home in California is on the market. The home in the state's Coachella Valley has been listed for $5 million, according to Bloomberg. The 2,617-square-foot home is reportedly on the Tradition Golf Club in La Quinta and has undergone renovations under its current owner,

The late Arnold Palmer’s former home, nestled on the famed Tradition Golf Club in La Quinta, CA, is hitting the market for $5 million.