Former basketball team owner wants to flip his Jupiter home

George Shinn, founder of the Charlotte Hornets, wants to sell his home in Admirals Cove for 26% more than he paid in April 2017

Miami /
Mar.March 04, 2018 12:50 PM

George Shinn (Credit: Charlotte Observer)

The founder and former owner of the Charlotte Hornets professional basketball team wants to sell his waterfront house in Jupiter for $5.25 million less than a year after buying it for $4.15 million.

George Shinn, 76, who bought the five-bedroom house in April 2017, is asking 26 percent more than he paid for the residence through a company. The listing agent is Debra Manuel of NV Realty Group.

Shinn founded the Charlotte Hornets in 1988 and moved the National Basketball Association franchise to New Orleans in 2002. He no longer owns the franchise.

Built in 1992, his Spanish-style home in Jupiter’s upscale Admirals Cove development has a first-level master bedroom with a private terrace and a master bathroom and dressing room.

Interior features include a bar and home theater. The backyard has a swimming pool, a guest house with one bedroom and a private dock big enough for a yacht up to 80 feet long.

Shinn listed his house in Admirals Cove shortly after Jeff Nelson, a former pitcher for the New York Yankees, listed his house in the same development with a $14 million asking price. [Mansion Global]Mike Seemuth


Related Articles

arrow_forward_ios
Greg Norman and Tommy Hilfiger (Getty, iStock)
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Nick Mastroianni II sold the property back to the sellers at a small profit (Google Maps, Nicholas Mastroianni)
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
150 Bears Club Drive, Jupiter (Google Maps)
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Lance Cawley and 316 West Riverside Drive, Jupiter (Ferrari, Google Maps)
Ferrari racer buys riverfront home in Jupiter for $6M
Ferrari racer buys riverfront home in Jupiter for $6M
Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Nick Mastroianni II and 19681 Loxahatchee River Road (VHT Studios)
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...