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Property :

8 UK holiday home businesses you could buy now

A holiday let could be a very sound investment, providing a decent income, capital growth and — somewhere to escape

Bullish on Jupiter: Michael Jordan dunks $17M on second South Florida mansion

Katherine Kallergis
·2-min read
Michael Jordan along with 103 West Bears Club Drive in Jupiter (Getty, Compass Real Estate)
Michael Jordan along with 103 West Bears Club Drive in Jupiter (Getty, Compass Real Estate)

Basketball’s greatest of all time paid $16.5 million for a second mansion in Jupiter — not the planet, but the Palm Beach County town.

Michael Jordan acquired the 9,100-square-foot, five-bedroom home at 103 West Bears Club Drive, according to property records. The former NBA champion and business mogul purchased the nearly 1-acre property via an Illinois LLC he controls.

Dr. Michael A. Murphy, founder and CEO of AirWayz and a former AirSculpt Technologies board member, and his wife Marla sold the home to Bull & Bear LLC. It’s located inside the Bear’s Club, a luxury gated community that includes a Jack Nicklaus-designed golf course. Nicklaus founded the Bear’s Club in 1999 with his wife, Barbara Nicklaus.

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Jordan’s new home has five bedrooms, six bathrooms, a four-car garage, a guest house and a club room. It was built in 2017, records show. Jeremy Browne and Thomas Hughes with Compass represented the Murphys, according to Redfin. Maria Prieto of Keller Williams Capital Realty, Jordan’s mother-in-law, represented the Jordan LLC. The agents declined to comment.

The property previously sold for $8.3 million in 2017, records show.

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Jordan and his wife, Yvette Prieto, live nearby on a larger 3-acre estate at 172 Bears Club Drive. That property has a 28,000-square-foot home spanning three structures, which includes a guard house, guest house, pool and an athletic wing with a basketball court and gym, according to a blog post about the mansion.

Despite strong demand and a waitlist to get into the Bear’s Club private club, the supply of homes remains tight. In March, Patrick Park, an heir to the Park Corporation fortune and a longtime friend of Donald Trump, sold his estate at 136 Bears Club Drive for $19.8 million. And in the fall, Planet Fitness co-founder Michael Grondahl sold his mansion at 162 Bears Club Drive to a trust for $14.5 million.

This article originally appeared on The Real Deal. Click here to read the full story.