Jordan buys $2.8M home on Lake Norman

02/28/2013 12:50 PM

02/28/2013 5:35 PM

Bobcats owner Michael Jordan has bought his second Charlotte area property in three years – this time on the shores of Lake Norman.

First Community Bank sold the 12,310-square-foot home in the Peninsula Club in Cornelius to The Jordan Family Gift Trust for $2.8 million, according to property records. It closed Feb. 19 after more than 460 days on the market.

In 2010, the former University of North Carolina star and six-time NBA champion invested $3.15 million in two combined top-floor penthouses at The Trust condos in uptown Charlotte.

Jordan also recently built a $12.4 million mansion with 11 bedrooms and 28,000 square feet on a 3-acre property in Jupiter, Fla., according to the Chicago Tribune.

Estee Portnoy, a spokeswoman for Jordan, declined to comment on Jordan’s Lake Norman home, calling it a “personal matter.”

Jordan’s Cornelius home is on 1.1 acres along the seventh hole of the golf club. The property has six bedrooms, eight bathrooms and garage space for five cars.

Built in 1993 and originally listed for $3.5 million, the three-level home also features entertainment and exercise space, a boat slip, a fenced yard, a pool, and “stunning panoramic lake views from almost every room,” according to Carolina Multiple Listing Services.

“It’s fantastic. He got a great buy on that house,” said Cornelius Commissioner Dave Gilroy.

Drag racer Doug Herbert, who previously lived in the home, said the property “is a great place to entertain friends and have people over.”

Herbert said he would love to chat with Jordan about the many fond memories he had at the home. But it was actually a tragic memory that ultimately encouraged him to move, he said.

Herbert’s two sons, Jon, 17, and James, 12, were killed in a head-on traffic wreck in 2008, on Jetton Road near their home.

“It was a difficult trip to make everyday to go to work,” Herbert said. “It became hard to live there. It was time to go.”

On Wednesday, residents in the Peninsula Club said they weren’t surprised Jordan would buy in the community.

After all, they said, the country club has plenty of celebrity residents already, including former Boston Celtics center Robert Parish and Joe Gibbs, owner of Joe Gibbs Racing.

“It makes sense,” said resident Gary Marine.

Resident Patricia Potts hopes Jordan’s investment will put the country club in the spotlight as a “five-star golf community.”

Said Gilroy, “We couldn’t be more thrilled to have a legend like that as a Cornelius resident.”

Staff researcher Maria David contributed.

Sports Videos

Join the Discussion

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service