PHOTO: Michael Jordan. FILE
Michael Jordan has finally found a buyer for his $14.85 million mansion in Chicago, after the property lingered on the market for over a decade.
(Realtor.com)
(Realtor.com)
(Realtor.com)
The basketball icon initially listed the sprawling Highland Park estate in 2012 for $29 million. By 2013, the price was reduced to $16 million. Two years later, in a nod to Jordan’s iconic jersey number, 23, the price dropped to $14,855,000. This figure was calculated by adding the digits 1, 4, 8, 5, and 5, which total 23. However, this clever marketing tactic didn’t generate the interest needed, and the nine-bedroom, 15.5-bathroom estate remained unsold at that price for eight more years—until now.
According to Realtor.com®, Jordan’s luxury mansion is now under a contingent offer, potentially ending a long sales journey for the former Chicago Bulls star.
The listing describes the property as a “legendary estate,” featuring a range of high-end amenities and tributes to Jordan’s illustrious basketball career. The mansion includes a full-size basketball court with the Air Jordan logo at its center, an infinity pool, a putting green, a tennis court, and a cigar room. The front gates of the estate, set on 7 acres, display Jordan’s jersey number 23, leaving no doubt about the home’s famous owner.
The property has attracted considerable public interest, partly due to Jordan’s reluctance to reduce the price. Recently, it became the subject of controversy when a TikTok “urban explorer,” under the name “Decaying Midwest,” claimed to have broken into the mansion. The explorer posted footage allegedly showing the mansion in disrepair, including a cluttered kitchen and unfinished renovations. Although representatives for Jordan denied the video’s authenticity, the TikTok clip sparked renewed attention online.
Take a tour of Michael Jordan’s house in Chicago – that’s still on the market after 8 years
Despite the long wait to find a buyer, Jordan—whose net worth is estimated at $3.2 billion—was under no pressure to sell. Most of his fortune stems from selling his majority stake in the Charlotte Hornets for $3 billion in 2023. The NBA legend also owns several other properties across the U.S., including homes in Utah, North Carolina, and a penthouse in Chicago.
The buyer’s identity remains unknown, but Jordan’s listing agent, Katherine Malkin, has been contacted for further details.
SOURCE: REALTOR