"This is probably the largest, most expensive home that is not on the water, definitely in Palm Beach and possibly in all of Florida," real estate agent Jeff Lichtenstein of Christie's Great Estates and Illustrated Properties says of Jordan's estate. Lichtenstein, whose business is in the Palm Beach area, also tells HousingWatch that the extreme wealthy come to Jupiter Island because they like to dock their boats in their backyard.
For Michael Jordan, who will be inducted into the North Carolina Sports Hall of Fame on Dec. 14, the 11-bedroom home (pictured below) sits on a three-parcel site right in the backyard of one of Jupiter Island's golf courses -- the exclusive Bear's Club. An aerial photo commissioned by Lichtenstein also shows that, when finished, Jordan's mansion will be a contemporary home with Spanish-style roof.
However, Michael Jordan's Florida estate is also cordoned off by a landscaping of trees that secludes four separate structures: A main house, a guardhouse, a guesthouse and a poolhouse. Whew, at least there will be some water feature.
"MJ's choice of a three-acre homesite at the Jack Nicklaus-designed Bear's Club is not all that unpredictable," blogged Realtor Cary Lichtenstein, Jeff's dad and partner -- and a former rater of golf courses for GolfWeek Magazine. "His desire for privacy will certainly be well-served there, as entry to the Bear's Club is well guarded."
Still, it's a mammoth house for the neighborhood, says the younger Lichenstein, who concentrates on Mirasol homes for sale in Northern Palm Beach County. Jordan paid $4.8 million for the land and is spending an estimated $7.6 million for the construction. By the time he's done completing it with furnishings, he will have spent about $20 million, estimates the elder Lichtenstein. "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."
The Bear's Club has 55 estate residences, with starter estate homes beginning around $4 million up to about $20 million, says Lichenstein, who served on the greens committee at neighboring Admirals Cove, where he lives and concentrates the bulk of his business. It costs $350,000 just to join the private Bear's Club.
"MJ is good for the economy," says the younger Lichtenstein.
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