Michael Jordan has purchased a new home on Lake Norman, one that used to belong to Drag Racer Doug Herbert.

Click Here to see pictures of the over 12,000 square foot home.

Michael bought the home for 2.8 million, a bit less than the original asking price of just under 4 million.

This isn't the only real estate that MJ has invested in recently...

The NBA star just finished construction on a 4.8 million dollar piece of land in Palm Beach Florida, plus the house he built on the land costing 7.6 million, making the total investment over 12 million!

Take a look!!