- Michael Jordan’s Chicago mansion, once listed at $29 million, is now offered at $14.9 million
- The mansion’s 56,000 sq. ft. features nine bedrooms, 19 bathrooms, and a basketball court
- Despite its luxury and iconic touches, the property remains unsold
Michael Jordan, the basketball legend and one of the wealthiest athletes in the world, is facing a surprising loss in the real estate market as his luxurious Chicago mansion struggles to find a buyer. Jordan is freshly coming off the sale of the Charlotte Hornets, but despite that, he has struggled to get this mansion off his hands.
The sprawling property, which was initially listed for an impressive $29 million in 2012, is now on sale for a significantly reduced price of $14,855,000. This dramatic loss of nearly half its original value has left both real estate agents and sports fans puzzled.
This also comes at a time when any memorabilia associated with Michael Jordan are being sold at record prices. His sneakers sold for $2.2 Million recently and yet this luxurious mansion has had no buyers for 11 years.
Jordan has slashed the price of the house multiple times and has even tried to sell it in an auction. But nothing has seemed to have worked so far.
Inside Michael Jordan’s Luxurious Mansion
The mansion, located in Highland Park, Illinois, spans over an impressive 56,000 square feet on a vast seven-acre compound. The estate boasts a wide range of luxury features, including an infinity pool, a putting green, a basketball court, and even a gym where Michael Jordan and his former Chicago Bulls teammates used to work out.
The property also includes a tennis court, a 15-car garage, and a private library complete with doors from the original Playboy Mansion in Chicago.
The mansion’s entrance gate is famous for having the number “23” on it, which was Michael Jordan’s jersey number. Several structures on the property have the Jumpman logo, which is associated with Jordan’s shoe business.
To attract buyers, Michael Jordan reportedly offered a ludicrous incentive by including a complete set of every edition of his iconic Air Jordans with the purchase of the estate. Despite this gesture, the mansion has remained unsold for years.
Another concern to potential buyers would be the taxes that they would have to pay. The property taxes alone amount to a staggering $135,969 annually, making the mansion an ongoing financial concern for the basketball legend and any potential suitors.
Only time will reveal whether Jordan’s Chicago mansion will eventually find its perfect owner. But as of right now, it looks like the mansion would be in the hands of His Airness.
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