Former GOLFWEEK reporter Cary Lichtenstein blesses us with photos of Michael Jordanâ€™s new Jupiter
Hampton Inn home in Jack Nicklausâ€™ Bears Club golf course development.
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. MJâ€™s total commitment when furnished will probably exceed $20m.
What is surprising, comparing Jordanâ€™s piece of land to Tiger Woodsâ€™, (click here to see Tiger Woodsâ€™ 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 MJâ€™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.
“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:
“Once it is finished, there will be so much landscaping, you wonâ€™t even know it is there.
“He looked over the area, and certainly the golf course is a major part of his decision to build in The Bearâ€™s Club. But he also wanted exclusivity and privacy.
“The owners in The Bearâ€™s Club value the security of the property, which is one of the reasons weâ€™ve hired David Bowman, a former captain with the Jupiter police, as the head of security.”
Inevitable comparisons will be made between Jordan’s home and the nearby Jupiter estate of Tiger Woods. The pro golfer’s property is bordered by the ocean and an intracoastal waterway, which can’t help but mitigate the privacy factor.
Think Woods would’ve gone the Jordan privacy-first route had he bought his property after his Thanksgiving accident?