Feb. 27, 2009

Michael Jordan and his Cuban-born model girlfriend Yvette Prieto pay $281K for a house in Miami, FL

Basketball great Michael Jordan and his Cuban-born model girlfriend Yvette Prieto have paid $281,000 to purchase a house in the gated Highlands at Kendall area of Miami Fla.

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The Palm Beach Post broke the story, we think, this week of the home purchase by the pair. Jordan has been a free man since his 2006 divorce from his wife of 17 years, Juanita Jordan (although many would argue that MJ had operated as a "free man" for a lot longer than that!), which involved a $168 million settlement to Juanita, making it the most expensive celebrity divorce ever.

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Built in 1996, the couple's new house has three bedrooms and two baths (according to public records) or four bedrooms and two and a half baths (according to listing information), and sits on a 0.13-acre (5,560-square-foot) lot, according to public records. The house measures between 2,200 and 2,600 square feet, and not the 5,500-square-foot figure that the Palm Beach Post had reported; the Post's columnist clearly confused the size of the lot, which is 5,560 square feet, with the size of the house. Public records say that the house measures 2,517 square feet, but we separately found other public records and listing information calling it 2,235 square feet.

We also found listing information for the house -- we're not entirely sure from when -- online at a time that the house appears to have been listed for $340,000. If that was indeed the asking price when MJ and Yvette bought it, they got one heck of a steal! The listing information reads (including typos and lack of capitalization): "Spacious 4/2.5 home near the upcoming Baptist Hospital and Mall located on kendall Drive and 160th st. recently remodeled, new paint, new kitchen with stainless steel appliances, corian countertop, wood cabinetry. Beautiful pool in backyard with ample space remaining. tile floors on first level, and laminated wood floors on second level. short sale package already initiated. No time to lose! bring all offers to close in less than 60 days! call agent for instructions!"

Jordan and Prieto took out a $196,000, 30-year mortgage on the house, according to public records.

Jordan, 46, owns several other properties, including his longtime mansion at 2700 Point Lane in Highland Park, Illinois; a penthouse unit in the building at 1100 N. Lake Shore Drive in Chicago; and two vacant lots in the Bears Club in Jupiter, Fla., which he purchased last year for $4,800,000.

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Michael Jordan Puts Chicago Mansion Up For Sale | March 1, 2012

[...] Jordan’s new home is an incredible down size with only three bedrooms and two baths. He only paid $281,000 for his spot in Miami. Read more about the home and see a photo of it  here. [...]

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