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Submitted by Allyson Lorick on Fri, 03/01/2013 - 8:12am.

CHARLOTTE, NC (AP) -- Bobcats owner Michael Jordan has found another home in the Charlotte area. The Charlotte Observer reports First Community Bank sold the home to the Jordan Family Gift Trust for $2.8 million. In 2010, Jordan invested $3.15 million in two combined top-floor penthouses at The Trust condos in downtown Charlotte. A Jordan spokeswoman declined comment on the new home on Lake Norman. The 12,310-square-foot home is on 1.1 acres along the seventh hole of the Peninsula Club in Cornelius. Built in 1993 and originally listed for $3.5 million, the three-level home features entertainment and exercise space, a boat slip and a pool. Jordan has some notable neighbors, among them former Boston Celtics center Robert Parish and Joe Gibbs, owner of Joe Gibbs Racing and former coach of the Washington Redskins. (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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