Charlotte Bobcats owner Michael Jordan has purchased a home in The Peninsula in Cornelius, NC. The 12,310 square foot home sits on 1.1 acres along the seventh hole of the Peninsula Club. The home was a foreclosure that the bank repossessed last year. It was listed for $3.5 Million. Jordan purchased the home for $2.8 Million.
Eight homes have sold Year-To-Date in The Peninsula. The average sales price of the homes sold was $1,318,000. There are another seventeen homes currently under contract in The Peninsula.