Michael Jordan’s Illinois mansion, after more than a decade on the market, is finally set to sell for a reported $14.8 million by Crain’s Chicago Business. This sprawling property, located in Highland Park, Illinois, has been on the market for 12 years, initially listed at a staggering $29 million in 2012. The sale of this property marks the end of a prolonged attempt by the basketball legend to find a buyer.
Jordan’s mansion is nothing short of extraordinary. Built in the mid-1990s, the home features over 56,000 square feet of indoor space and sits on nearly 8.4 acres of land. The estate includes nine bedrooms, 19 bathrooms, five fireplaces, a regulation-sized basketball gymnasium, a tennis court, a circular infinity pool, and even a putting green.
It also boasts a 14-car garage and a cigar room, catering to the luxury one would expect from one of the greatest athletes of all time. A distinctive feature of the property is the large number “23” displayed on the front gate, an homage to Jordan’s iconic jersey number.
Over the years, the mansion has garnered attention not only for its luxurious features but also for the challenges in selling such a high-end property. Despite the hype around Michael Jordan and his legacy, the mansion failed to attract buyers, even during peak times for real estate.
Notably, in the wake of Jordan’s globally acclaimed documentary ‘The Last Dance’, there was hope that renewed interest in Jordan’s life and career might lead to a sale. However, as noted by Jordan’s listing agent Katherine Malkin, many were more interested in touring the mansion rather than buying it.
In addition to its price being halved since 2012, Jordan has also spent over $1.8 million in property taxes on the home, further compounding the difficulty of maintaining such an estate without a buyer. The mansion’s annual property taxes alone totaled $135,000, making it a significant ongoing financial burden.
One of the biggest hurdles in selling the home has been the sheer size and uniqueness of the property, which caters to a very specific type of buyer. To sweeten the deal, Jordan even offered to include a full set of every Air Jordan sneaker ever released, but that too failed to entice potential buyers.
While the final sale price and the buyer’s identity remain undisclosed, the mansion’s eventual sale marks the conclusion of a long-standing chapter in Jordan’s life. With the sale of his NBA franchise, the Charlotte Hornets, earlier last year, and now the sale of his iconic Chicago home, it seems Michael Jordan is closing several significant doors on his past as he moves forward into new ventures.
For fans and real estate aficionados alike, this sale represents the end of one of the most prolonged and well-known luxury property sales in recent history.
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