Table Of Content
- Why has it lingered on the market for such a long time?
- A look inside Michael Jordan’s Chicago mansion
- There's also a cigar room, complete with card tables and intricate details, from the railings to the ceiling.
- ... which has its own family room and kitchen.
- ... and a putting green with Jordan Brand flag sticks.
In 1995, Michael Jordan constructed one of the largest mansions in the Chicago suburbs at a cost of over $50 million. Decades later, the five-time MVP listed the seven-acre property for $29 million. It may seem like many people’s dream to live in a home built by the greatest player in NBA history, but apparently, this has not been enough to get the property off the market. Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house. And yet, it remains unsold and he pays more than $100,000 in annual property taxes.
Why has it lingered on the market for such a long time?
Also, while the mansion does come fully furnished, there is a stipulation that the “furniture can never be resold,” according to real estate agent Enes Yilmazer. The three-level Michael Jordan mansion features nine bedrooms, 15 full baths, four half-baths, a three-bedroom guest house, and a 14-car garage. There are numerous dining rooms and sitting rooms in the mansion, and some truly unique features. The property includes over 56,000 square feet of indoor space, with the main home accounting for 32,683 square feet. Jordan’s house in Florida is set inside the prestigious golfing community of The Bear Club in Jupiter, one of the world’s most elite private clubs.
A look inside Michael Jordan’s Chicago mansion
He also paid $3.14 million in 2010 for the two top-floor penthouses in a condominium in downtown Charlotte, N.C., just two blocks from the arena where the NBA team he owns, the Hornets, plays. And he owns a six-bedroom, 12,310-square-foot mansion in Cornelius, N.C., which he purchased in 2013 for $2.8 million. Unsurprisingly, the custom-designed home includes a regulation-sized basketball gym.
There's also a cigar room, complete with card tables and intricate details, from the railings to the ceiling.
Our private dining offers an exceptional, personalized experience with the level of quality that lives up to the prestige of a legend. There is no need to worry about the house rotting while it remains unsold, though. The mansion is reportedly still occupied by staff employed to keep it looking fresh. The long drive from the gate and the fully grown trees ensure that the house has complete privacy. Jordan had the house – and the surrounding property – built from scratch to his personal tastes.
Michael Jordan’s Former Chicago Penthouse Sells for Nearly $7 Million - Mansion Global
Michael Jordan’s Former Chicago Penthouse Sells for Nearly $7 Million.
Posted: Wed, 28 Jun 2023 07:00:00 GMT [source]
The Front Gate
Despite being in a wealthy area outside a major city, Jordan’s former home “is about 30 times the median price of homes in the upscale Chicago suburb” (h/t Forbes). Although His Airness’ listing price today of $14.85 million is almost exactly half of the $29 million amount that he once had sought for the nine-bedroom mansion and its 7.37-acre property, he still has found no takers. And he has clung to his current $14.85 million asking price now for almost seven years.
... and down on the lawn, there's a putting green.
Apart from his former $90 million Chicago Bulls salary, he's scored numerous endorsements over the years, including Nike, Wheaties, Gatorade, Hanes, MCI, Chevrolet, McDonald's, and Coca-Cola. These still reportedly earn him $80 million a year (via Virtual Globetrotting). Plus, Jordan also owns an 80% stake of the Charlotte Bobcats NBA team, and he privately owns a $50 million Gulfstream IV jet. The price on the house has dropped several times and is currently on the market for US$14.9 million, The house was originally listed for US$29 million. He has since tried to sweeten the deal by virtually cutting the price in half – and even by saying he’ll throw in a complete set of Air Jordans with the purchase of the house – but the estate is still on the market.
While guests wait for their turn on the court, they can hang out in this sitting area.
The focal point of the home is a full basketball court, painted with the Jumpman logo. And outside, there’s a tennis court, a putting green, and an infinity pool with a grass island in the centre. Several years after he officially retired from the NBA, the pro athlete returned to his home state of North Carolina. The same year that he officially became the majority owner of the Charlotte Bobcats (now the Hornets), he paid $3.15 million for two condos on the top-level of a building in uptown Charlotte, combining them into one sprawling unit.
Bulls' Michael Jordan's former Chicago home sells for $6.82 million - Yahoo Sports
Bulls' Michael Jordan's former Chicago home sells for $6.82 million.
Posted: Tue, 27 Jun 2023 07:00:00 GMT [source]
... which has its own family room and kitchen.
Below, we’re sharing a glimpse into some of Jordan’s most well-known portfolio pieces, each one just as unique and legendary as the star athlete himself. As of 2020, he reportedly spends most of his time at his $12.4-million house in Jupiter, Fla. located in The Bear's Club, a luxurious community designed by famed golfer Jack Nicklaus (via Yahoo Sports). The 28,000-square-foot house includes 11 bedrooms, a two-story guard house, full-size basketball court, and cigar-friendly media room, according to Echo Fine Properties. Built in 1995, the contemporary-style mansion has 15 full bathrooms, 4 half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The property has 56,000 square feet of living space in total, including the basement and the garage with space for 15 cars, while outside on the grounds are a tennis court and a putting green. The NBA legend paid an undisclosed amount for a massive vacation home in Park City, Utah.
Fast-forward 12 years, and the Highland Park, Illinois, property still awaits a new owner, now being offered at an asking price nearly half of the initial ambitious valuation envisioned by the NBA legend and his real estate agents. Michael's house has a regulation-size basketball court, splashed with his name and the Jumpman logo. He used to have his teammates over on some practice days to lift weights and eat breakfast before going to the official team practice, according to former teammate Randy Brown.
The star athlete has failed to secure a buyer for the property after more than a decade on the market and after multiple price drops, however. For 19 years, basketball legend Michael Jordan, who is at the center of ESPN's The Last Dance documentary, lived in a sprawling Highland Park, IL, mansion. He put the 56,000-square-foot home, which boasts nine bedrooms and 19 bathrooms, up for sale in 2012 and it has yet to sell. Michael had the house built to his specifications, including an indoor swimming pool, an indoor basketball court, a skylight above the kitchen table, and massive front gates adorned with his famous number 23.
At the entrance of the private driveway is a grand entry gate bearing Michael Jordan’s famous Chicago Bulls shirt number 23. This level of personalisation is perhaps the reason why the property has failed to sell. The basketball icon’s Highland Park, Illinois home was recently re-listed for $14.9 million (roughly half its original $29 million ask price). On the market since 2012, 2700 Point Lane has attracted some renewed interest following ESPN’s critically-acclaimed Michael Jordan documentary. Michael owns a 6-bedroom lakefront home in Cornelius, NC, and another luxury condo in downtown Charlotte. Fitting for one of the greatest NBA players of all time, Michael Jordan owns many houses around the country, from Illinois to Florida, North Carolina, and Utah.
In fact, the more customized the home is, the harder it is to find the right buyer for it. The best example is Shaquille O’Neal’s longtime home in Florida, which bounced on and off the market for years. After seeing the house Jordan’s family lived in, he distinctly remembers telling himself that one day, he too will live in a lavish home and get his mom out of poverty. The 56,000-square-foot property is located in Highland Park, a community set 25 miles outside of Chicago.
But there’s also a circular infinity pool, putting green, tennis court, and cigar room, each with Jordan’s signature touch. Other in-house amenities include a billiard parlor, wine cellar, fireplace, aquarium, library, full gym, cigar room, game room, various TV rooms, and the original doors to the Chicago Playboy Mansion, Business Insider reported. In the property, the star also has a tennis court, infinity pool, chipping range, putting green, and lily pond. Visitors know they're in the right place when they see the No. 23 on the front gate — Jordan's number when he played for the Chicago Bulls.
He first listed it for sale in 2012 with a whopping $29 million asking price, but the Highland Park home failed to attract interested buyers. Nevertheless, if you’ve taken notice of the palatial houses Michael Jordan was filmed in, and thought they might be rooms in his actual residence, know that the real thing is even more impressive. Michael Jordan may have retired from basketball long ago, but fans will get to see him in action once again (on screen), thanks to the new ESPN documentary The Last Dance. The 10-part series will document Jordan's last season with the Chicago Bulls (via CBS Sports). Now that the star has come back into the spotlight, it's no surprise readers are curious to learn about his life after basketball.
The house was originally listed for $29 million and has every bell and whistle you can think of. Some "over-improvements" and the house's location are making it hard to sell the property. Michael Jordan's estate is next to a main road, but is beautifully surrounded by a fence of evergreens. One can only imagine the star-studded parties Jordan threw there back in the day. In 2015, the agent working to sell the house at the time promised that the buyer would also receive every single edition of the Air Jordan ever produced, in their size – but that didn’t work either.
Jordan first listed the mansion at the start of March 2012 for $29 million, and then cut his asking price in early 2013 to $21 million. Having worked in the interiors industry for a number of years, spanning many publications, she now hones her digital prowess on the 'best interiors website' in the world. Multi-skilled, Jennifer has worked in PR and marketing, and the occasional dabble in the social media, commercial and e-commerce space. Over the years, she has written about every area of the home, from compiling design houses from some of the best interior designers in the world to sourcing celebrity homes, reviewing appliances and even the odd news story or two.
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