Finishing touches put on Jordan's new $12.5M Florida home

JUPITER, Fla. — Charlotte Bobcats owner Michael Jordan is close to moving into a new 28,000-square-foot home in Jupiter, Fla., Yahoo Sports is reporting.

Construction on the 3-acre home started in 2010 and final price tag is estimated at $12.4 million.

The home has 11 bedrooms, a pool house, a 2-story guard house and an athletic area with a basketball court, according to jeffrealty.com.

According to jeffrealty.com, the home is rumored to have a massive "cigar-friendly" media room with state-of-the-art electronics.

Jordan's new digs was built in Jack Nicklaus' Bear's Club community, which carries a $350,000 initiation fee and annual dues of $25,000, Yahoo Sports says.

Jordan will now be neighbors with Tiger Woods. 

The Bobcats have lost nine games in a row after starting the season with a 7-5 record.  They team finished last season with seven wins and the worst winning percentage in league history.

Click here to see more Bears Club and Michael Jordan Photos here.

Photos courtesy of Jeff Lichtenstein marketing Jupiter homes.

WSOC