After a dozen years on the market, Michael Jordan's 56,000-square-foot Highland Park mansion has finally found someone willing to go under contract to buy it. The home, listed at $14.85 million, is now under contract, Compass real estate agent Katherine Malkin, the real estate agent representing the property, told Patch.
"I can confirm that the property is under contract," Malkin said. "I have not confirmed any dates."
Located on a 7-acre lot, "His Airness'" estate has been a fixture of the local real estate market since the six-time NBA champion first listed it for sale for $29 million in 2012. Since then, he's paid well over $1 million in property taxes.
Custom-built in the early 1990s about two miles inland from Lake Michigan, the Point Lane property is full of personal touches and is as much a monument to Jordan's success as it is a luxury residence.
The House's Features
With nine bedrooms, 17 bathrooms, a full-size indoor basketball court emblazoned with the Jumpman logo, a cigar room, a putting green, tennis court, an infinity pool and original doors from Chicago's Playboy Mansion, the mansion sits behind gates prominently displaying Jordan's No. 23 jersey number.
The High Price Tag
Jordan spent about $50 million building the property, Malkin told the Wall Street Journal, and he has declined to lower the price since 2015. At one point, real estate agent Kofi Nartrey marketed the house to fans with dramatic video tours and promised potential buyers a pair of every Air Jordan sneaker ever. Jordan considered pulling the property off the market and keeping it last year, and this year added a new roof, Malkin told the Journal.
In addition to the $150,000-a-year property tax bill, he also covers the cost of a full-time staff to manage the house.
Challenges & Rumors
Last year, an 18-year-old from Mundelein and a younger teen were arrested for breaking into the Jordan home. Earlier this year, a TikTok video falsely purported to show images from inside Jordan's mansion. Despite not looking like the interior of Jordan's house, the video was widely shared and even falsely reported as fact by websites like Daily Mail and SportBible.
A Look into Jordan's Other Ventures
Jordan is worth an estimated $3.2 billion, according to Forbes. Though he sold his majority stake in the Charlotte Hornets, he is a co-owner of a NASCAR team, owns an undisclosed percentage of the sports gambling company DraftKings, a luxury tequila brand and an ultra-exclusive golf course, among other things.
Jordan's Legacy: Beyond the Court
The sale of Michael Jordan's mansion is a significant event in the Chicago real estate market. The fact that it took over a decade to find a buyer is a testament to the property's unique features and the high price tag. However, it also speaks to the strength of the luxury real estate market, as the house has now finally been sold.
