A few weeks back, we brought you a look at Tiger Woods' fine new $50 million bachelor pad. We follow that up today with the first look at Michael Jordan's swank digs in Jack Nicklaus' new "Bear's Club" development in Jupiter, Fla.

Analysis by Cary Lichtenstein of PGA National Real Estate indicates that Jordan paid $4.8 million for the land and $7.8 to build the mansion, and will likely have a total commitment of $20 million in the property when all is said and done. And while Woods' property comprises three lots with both ocean and Intracoastal Waterway access, Jordan's has neither, which could compromise its resale value. (See if you can bargain him down!)

The Jordan estate has 11 bedrooms, a two-story guard house and an athletic "wing" with a basketball court (of course). You'll note that the property isn't far from the golf course, but we're betting Jordan won't have to sneak onto the course at twilight to get in a few holes.

While everyone's attention is focused on the supposed 'King' the greatest basketball player of all time has a plush new $12.4 million home. Michael Jordan just bought a mansion in 'The Bears Club', devloped by Jack Nicklaus, in Jupiter, Florida.

Jordan reportedly paid $4.8 million for the land, and another $7.6 million for construction of the home. The mansion has 11 bedrooms, a guard-house, a media center, and of course, a basketball court.

The Bears Club is comprised of 55 residences which start at $4 million and can go for as much as $20 million.

Read more: http://www.businessinsider.com/check-out-michael-jordans-new-124-million-mansion-2010-12##ixzz173dCSUox


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