It seems NBA legend Michael Jordan may be expanding real estate ventures. A company associated with Jordan and his wife, Yvette Prieto, has recently acquired a mansion in an exclusive golf community in Jupiter, Florida, for a whopping $16.5 million, The Daily Mail reports.
The luxurious property, located on a 0.9-acre lot within a prestigious gated golf community founded by golf icon Jack Nicklaus known as The Bear’s Club, spans an impressive 9,100 square feet. Boasting five bedrooms, eight bathrooms, and a range of upscale amenities, this contemporary estate epitomizes uxury living.
The Bears Club has 61 estate homes on its nearly 400 acres.
Clues Pointing to Michael Jordan
While the buyer of this lavish mansion has not been officially disclosed, the purchaser, Bull & Bear LLC, is linked to the Jordans through their ownership of another residence within the same development. Additionally, the Jordans have reportedly engaged with construction contracts under Bull & Bear LLC.
There is a second home in Bear’s Club owned by the Jordans through Bull & Bear LLC, which is more expansive, spanning 26,299 square feet on 3.05 acres. That one was constructed in 2013, South Florida Business Journal reported.
The newly acquired property, previously owned by AirWayz CEO Dr. Michael A. Murphy and his wife, Marla, features a private gym, a resort-style pool, a summer kitchen, and a luxurious outdoor patio perfect for entertainment and relaxation.
The home has five bedrooms, six bathrooms, two half-bathrooms, and four-car garage.
The home was originally sold brand new in 2017 for $8.3 million.
The Bears Club: A Golfers’ Paradise
Located in Jupiter, Florida, The Bear’s Club is renowned for its exclusivity, boasting a Jack Nicklaus signature golf course and a limited number of estate homes. The community offers top-notch amenities, including proximity to Atlantic beaches, upscale dining options, shopping centers, and medical facilities.
The Business Legacy of His Airness
Michael Jordan’s net worth, estimated at $3.2 billion by Forbes, reflects his more than successful transition from NBA superstar to business mogul. Beyond his basketball career with the Chicago Bulls and Washington Wizards, Jordan has built a lucrative empire around brands like Air Jordan.
Jordan’s investment savvy extends to sports ownership. He previously held majority ownership of the Charlotte Hornets and made a significant profit by selling his stake to an investor group led by Gabe Plotkin and Rick Schnall. The deal was valued the Hornets at $3 billion.