Photo Credit:Realtor/Getty
After more than a decade on the market, Michael Jordan's iconic Chicago mansion has finally found a prospective buyer. The legendary NBA star's 56,000-square-foot Highland Park estate, listed at $14.85 million, is now under a contingent offer according to recent reports.
Jordan originally put the sprawling property up for sale in 2012 with an ambitious $29 million price tag. Over the years, the asking price was strategically reduced, eventually settling at $14.855 million in 2015 - a nod to Jordan's famous jersey number 23 (1+4+8+5+5=23).
The palatial home, built in 1995, sits on a 7-acre lot and boasts 9 bedrooms, 19 bathrooms, and an array of luxury amenities befitting a sports icon. Notable features include a regulation-size basketball court emblazoned with Jordan's Air Jordan logo, an infinity pool, putting green, tennis court, and cigar room. The property's front gates proudly display Jordan's number 23, leaving no doubt as to its famous owner.
"This legendary estate offers the ultimate in privacy and luxury," stated Katherine Malkin, Jordan's listing agent, in earlier marketing materials. The home's exclusivity is further emphasized by the requirement for potential buyers to sign non-disclosure agreements before touring the property, as reported by The Wall Street Journal.
The prolonged time on the market sparked curiosity and speculation. Sports economist Andrew Zimbalist commented in a 2019 interview, "The fact that it hasn't sold in all these years for the price he's asking is perhaps a reflection that Jordan is bullish on the property values."
Recent events may have contributed to renewed interest in the property. In August 2024, a controversial TikTok video claiming to show the mansion's interior in a state of disrepair went viral, though Jordan's representatives disputed its authenticity.
While the buyer's identity remains undisclosed, the sale marks a significant moment for both Jordan and the luxury real estate market in Chicago's North Shore. Jordan, with an estimated net worth of $3.2 billion according to Forbes, owns several other properties across the U.S., including homes in Florida and North Carolina.
Jordan originally put the sprawling property up for sale in 2012 with an ambitious $29 million price tag. Over the years, the asking price was strategically reduced, eventually settling at $14.855 million in 2015 - a nod to Jordan's famous jersey number 23 (1+4+8+5+5=23).
The palatial home, built in 1995, sits on a 7-acre lot and boasts 9 bedrooms, 19 bathrooms, and an array of luxury amenities befitting a sports icon. Notable features include a regulation-size basketball court emblazoned with Jordan's Air Jordan logo, an infinity pool, putting green, tennis court, and cigar room. The property's front gates proudly display Jordan's number 23, leaving no doubt as to its famous owner.
"This legendary estate offers the ultimate in privacy and luxury," stated Katherine Malkin, Jordan's listing agent, in earlier marketing materials. The home's exclusivity is further emphasized by the requirement for potential buyers to sign non-disclosure agreements before touring the property, as reported by The Wall Street Journal.
The prolonged time on the market sparked curiosity and speculation. Sports economist Andrew Zimbalist commented in a 2019 interview, "The fact that it hasn't sold in all these years for the price he's asking is perhaps a reflection that Jordan is bullish on the property values."
Recent events may have contributed to renewed interest in the property. In August 2024, a controversial TikTok video claiming to show the mansion's interior in a state of disrepair went viral, though Jordan's representatives disputed its authenticity.
While the buyer's identity remains undisclosed, the sale marks a significant moment for both Jordan and the luxury real estate market in Chicago's North Shore. Jordan, with an estimated net worth of $3.2 billion according to Forbes, owns several other properties across the U.S., including homes in Florida and North Carolina.
