Michael Jordan and Wife Yvette Prieto Close $16.5 Million Worth Deal on Luxury Asset, as Per Reports

Michael Jordan won’t stop from splurging! According to reports, His Airness has dropped some major millions on a new property in the same Florida neighborhood he currently resides in. He spent $16.5 million for a second mansion in Jupiter- the Palm Beach County town. It is a 9,100-square-foot, five-bedroom home and nearly 1-acre.

It is said that Jordan purchased the property via an Illinois LLC that he controls. Founder and CEO of ‘AirWayz’, Dr. Michael A. Murphy, and his wife, sold the house to Bull & Bear LLC- managed by Jordan. This property, 103 W. Bears Club Drive, is located inside Bear’s Club. Did you know that the gated community also has a Jack Nicklaus-designed golf course? Yes! Nicklaus and his wife Barbara founded the Club in 1999.

As per the records available, the house was built in 2017. It was previously sold for $8.3 million. It also comes with a four-car garage, a guest house, a bar, a pool, and a summer kitchen.

‘South Florida Business Journal’ reported that Jeremy Browne and Thomas Hughes, with Compass, were the ones who represented the Murphys. Jordan’s side was represented by Maria Prieto of Keller Williams Capital Realty and Jordan’s mother-in-law.

However, the billionaire couple has been residents of the community since 2013. They already had a home there before buying the second one. It took 18 months to complete the construction of their first home. Their $12.8 million residence that is on three parcels of land spanning 28,000 sq ft is actually quite famous- 172 Bears Club Drive. Contrary to popular assumption, it’s not the house featured in The Last Dance. Jordan wanted to keep the inside of his sanctuary private. But its best features are well known in the media.

READ MORE: Rules Designed For Michael Jordan Can’t Knock Down LeBron James, Claims Former NBA Champion

The perks of living like Michael Jordan

To become a resident of Bear’s Club and avail its super luxurious amenities, you need to pay a reported $350,000 initiation fee and $25,000 annual dues- that’s the price for a heavily guarded and gated community with ample privacy. Shortly after his marriage to Yvette Prietto, he began construction of their new home in Jupiter, Florida in 2010. It was completed in 2012.

A specially designed course caters to his love for golf. His home also has 11 bedrooms, a pool house, a basketball court, a media room, and a cigar room. He listed his famous mansion in Chicago with the #23 gates for sale since 2012 but hasn’t been able to find a buyer for it. He also owns a mansion in North Carolina. But by all accounts, the Jupiter residence with famous neighbors like Tiger Woods remains his primary home.

His plans for the new property are unclear at the moment. Given his intensive efforts to keep his home out of the public eye, it might be a while before we find out.

READ MORE: Michael Jordan’s $6.9 Billion Brand Launch Jayson Tatum’s Latest Signature Shoe