Michael Jordan has put up his Chicago property at $14.9M USD, dropping the cost significantly from it’s starting $29M USD asking cost.
The Highland Park home has been on the market for eight years. Will the rejuvenated star power of Michael Jordan — and a seemingly unharmed North Shore market — do the trick?
The ongoing re-assessment comes after the documentary The Last Dance overwhelmed the world, giving a knowledge into the b-ball player’s famous career. This estate has been available since 2012, yet has now observed more enthusiasm following the narrative’s release.
Michael Jordan’s home is located in Highland’s Park, Illinois. He allegedly picked the area for it’s exclusivity and that it was near his training offices and the express turnpike. The property measures at 56,000 sqft., it definitely highlights various references to its proprietor — from the “23”- decorated front entryways to the Air Jordan logos spotted around the property.
It sits on seven acres of land and comes completely outfitted alongside landscaping with evergreen trees, a woodland safeguard, a circular infinity pool, a putting court, a fish pond and the sky is the limit from there. Inside you’ll discover nine rooms, 15 full washrooms, 14 half-showers, and a 14-vehicle garage, as well as a regulation-size basketball gym, card room, game room, cigar room (with air filtration), wine cellar, and an exercise room. Get a virtual tour of the estate in the video above.
It’s far from a slam dunk, according to some local realtors.
“I just don’t see how the documentary can help much in marketing a house like this,” says Gail Lissner of Integra Realty Resources. (Jordan’s longtime listing agent for 2700 Point Lane, Katherine Chez Malkin of Compass, declined to comment.)
Why hasn’t the home sold? The sticker price is a big problem. At $14.9 million, Jordan’s house is one of the five most expensive for sale around Chicago. He’s asking more than 20 times the average listing price in Highland Park, $700,000.