Michael Jordan’s property pain: No one will buy his Chicago mansion
He was the best closer in basketball history but Michael Jordan just can’t find a buyer for the mansion he built at the height of his fame.
Michael Jordan hasn’t slam-dunked a buyer on his Illinois mansion in its nine years on the market.
Jordan, 58, purchased the Highland Park estate with his wife at the time, Juanita Vanoy, in 1991 for $2.5 million (AUD) – the same year he won his first of six NBA championships with the Chicago Bulls.
The basketball legend then took full ownership of the home in January 2007, one year following the couple’s divorce, property records reveal.
Jordan initially listed the seven-acre home in 2012 for a whopping $37 million. But without any offers, the nine-bedroom, 16-bathroom abode is now on the market for $19 million.
In 2013, one year after the property first hit the market, the price fell to $27 million. It was then relisted the same year for $21 million. Jordan has not budged on a new price since it hit $19 million in 2015.
Even after last year’s hit ESPN documentary series about Jordan, “The Last Dance,” no offers have been made on the house.
The home is beyond reminiscent of Jordan, due to the level of customisation that is present throughout, which includes the No. 23 welded onto the front gate.
The compound was built from scratch over a span of four years and officially completed in 1995.
Jordan’s white, contemporary-style mansion has 56,000 square feet of space on three levels. It was renovated extensively in 2009.
The main house has five fireplaces, numerous skylights and a gourmet chef’s kitchen.
Other features of the home are a full-size indoor basketball court, which was added in 2001, an outdoor tennis court and three separate multi-car garages.
Additional amenities include a movie theatre, cigar room, poker room and wine cellar.
There is also a separate three-bedroom guesthouse.
Jordan also planted 40-foot evergreen trees at the Heller Nature Center across the street to block views of his property.
Jordan now lives with his current wife, Yvette Prieto, in a $12.4 million estate in Jupiter Island, Florida, that he bought in 2010.
He also has two homes in North Carolina, where the NBA team he owns, the Charlotte Hornets, is based.
He’s hardly reliant on the sale, with most recent estimates of his net worth placing it at $1.6 billion. The Hornets franchise is valued at $1.5 billion.
– New York Post
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