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Thursday , Dec , 02 , 2010 Hoopsvibe

Michael Jordan Buys $12.4 Million Home in Golf Development

Oh, to be the G.O.A.T. With enough money in the bank that his son can burn through $50K in one day in Vegas without flinching, it's not particularly surprising to see Mike drop a huge wad of cash on property. This time, it's being reported that Michael Jordan has spent some $12,400,000 on a new house situated in a super-exclusive golf development owned by Jack Nicklaus.

Even with waterfront homes still available for sale, Money opted for something a little more secluded, copping what is believed to be the most expensive spot in the development without direct access to the water. The property also includes a guard house, a guest house and a pool house, all of which is spread over a sprawling 28,000 square feet in sunny Jupiter, Florida. While Jordan's initial financial commitment totals $12.4 million ($4.8 million for the land and a further $7.6 million for the construction), it's expected that he'll have ploughed a cool $20 million into the home when all is said and done.

If Mike's looking for some competition on the links, he may ring the doorbell of neighbor and friend Tiger Woods, who snapped up three adjacent properties on the development to create his own megahome.

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