A basketball Hall of Fame bid, six NBA titles, and five league MVPs still aren't enough for anyone to buy Michael Jordan' s old Chicago mansion, which has been on the market since 2012. Despite being one of the most iconic figures in basketball history, Jordan's former mansion in Highland Park, Illinois, remains unsold after more than a decade on the market. The property, located at 2700 Point Ln, was originally listed for sale in March 2012 at $29 million but has since seen its asking price drop to $14.
8 million, according to Baird & Warner Real Estate. Even with the significant price reduction, the mansion has struggled to attract buyers. Jeff Bezos looking to buy Boston Celtics but faces $6 billion asking price from NBA Tyler Reddick emotion clear as NASCAR winner opens up on Scott Bloomquist death The large estate, built in 1995, sits on 7.
39 acres and has a massive 32,683 square feet of living space. The mansion's 60035 zip code in Highland Park is a wealthy area with an average household income of $242,190. But less than 40.
5 percent of households in the surrounding cities of Highland Park, Highwood, and Lake Forest earn over $200,000 a year, making purchasing such a luxurious property challenging from a residential standpoint. According to Property Club, the home is positioned in Illinois 11th most richest area. The property has been listed on Zillow for 1,010 days and continues to sit unsold, raising questions about why a home with such storied past and luxurious feat.