​Michael Jordan Buys New House From Bank Foreclosure​​

By: | 03/02/2021 07:50 PM ET

Michael Jordan New House - Michael Jordan has a new house in Lake Norman, North Carolina is located close to where the Charlotte Bobcats play. The NBA Hall of Famer, and majority owner of the NBA Bobcats purchased the multi-million dollar estate at a great discount.

The 12,310 sq ft house was originally listed for $3.99million in 2011. However, it was foreclosed on in August 2012, and re-listed for $3.49million.

According to Fox Sports, Jordan recently paid $2.8million for a home in Cornelius, North Carolina, just 22 miles from where the Bobcats play.

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

Former owner, Drag racer Doug Herbert, said the property “is a great place to entertain friends and have people over.”

In 2008, Herbert lost his two sons Jon, 17, and James, 12, in a head-on traffic wreck near the house.

“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.”

The house, built in 1993, is gated and sits on a lot jutting into Lake Norman and on the seventh hole of The Peninsula Golf Club.