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.


Click here to see photos and analysis of Michael Jordan’s new home in The Bears Club  compliments of Jeff & Cary Lichtenstein with Palm Beach Gardens Homes.  


Cary Lichtenstein is a former rater of golf courses for GolfWeek Magazine.  He started playing at the age of 7, and has played all top 100 golf courses in the United States.  Cary served on the greens committee at Admirals Cove, and now concentrates on homes for sale in Admirals Cove, Jupiter, Florida with his son Jeff Lichtenstein at Illustrated Properties.




Tags: , ,