We All Buy Property; Michael Jordan Buys Privacy

Former GOLFWEEK reporter Cary Lichtenstein blesses us with photos of Michael Jordan’s new Jupiter Hampton Inn home in Jack Nicklaus’ Bears Club golf course development.

New Michael Jordan Mansion Photos

The 28,000 sq. ft., 11-bedroom home is flanked by its own two-story guard house, guest house and pool house spread over three acres.

Total cost: $12.4 million. Lichtenstein:

Probably the most expensive non-waterfront home in the Palm Beaches. MJ’s total commitment when furnished will probably exceed $20m.

What is surprising, comparing Jordan’s piece of land to Tiger Woods’, (click here to see Tiger Woods’ Jupiter Island home) is that Tiger put together 3 parcels on Jupiter Island so that he has frontage on both the ocean and the Intracoastal.

It would be interesting to see what the Jordan home resells for, being that its location, while great for MJ’s privacy, is not ideal for resale to the trophy and yacht buyer.

Jordan’s reported, “usual routine is to play golf from sunrise to sunset,” on The Bears Club course. For that privilege, Jordan paid a $350,000 initiation fee and $25,000 in annual dues. Club membership was capped at 250 members.

New Michael Jordan Mansion Photos

“Starter” homes in the development begin at $4-5 million with the largest estates priced around $20m.

Jordan clearly is paying a premium for privacy and security and could care less about resale value. Last year the co-Owner of The Bears Club, Tucker Frederickson, alluded to Jordan’s motivation in selecting the property: Read more…