AutoNation CEO Michael Jackson Plunks Down $2.1 million on New Digs

Autonation CEO Michael Jackson buys new condo

AutoNation CEO Michael Jackson just plunked down $2.1 million for this condo in Lauderdale Beach (Click on the photo for more)

AutoNation boss Michael Jackson just paid $2.1 million for a sprawling penthouse at Fort Lauderdale’s La Rive, according to Broward County records.

AutoNation CEO Michael Jackson

AutoNation CEO Michael Jackson (Click on the photo to visit his new penthouse)

Jackson’s new digs, just south of Sunrise Boulevard, include four bedrooms over 6,400-square-feet of what’s described as “high-quality, custom interiors with magnificent views of the Atlantic, hand-painted tray ceilings, exquisitely designed chandeliers and fans, Venetian plaster walls, glass with marble floors and a floating-glass wet bars.”

Click here to visit the homes of South Florida’s rich-and-famous

The apartment, in a Lauderdale Beach condo complex on the Intracoastal, was on the market for nearly two years and once was “offered” for $3.5 million.

The taxes will set Jackson back 30 K a year, but the guy can certainly afford it. Forbes says Jackson’s compensation package last year topped $6 million!

Jackson made AutoNation the largest automobile retail company in America.

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.