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 features has yet to find a buyer.
The surrounding neighborhood continues to be filled with more modest millionaire homes as it sits. Jordan's mansion is equipped with a range of over-the-top amenities tailored to the lifestyle of an NBA legend. It includes nine bedrooms, 19 bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool, a putting green, a tennis court, and a cigar room, all featuring nods to Jordan's illustrious NBA career .
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Outdoor amenities include a private in-ground pool, waterfront ponds for fishing, and an outdoor grilling area with a fire pit. Despite its lavish offerings and connection to one of the greatest basketball players , the mansion has been difficult to sell. Jordan reportedly even offered a pair of every edition of his signature Air Jordans as an incentive to potential buyers, according to Sole Retriever.
Still, even a personalized MJ offer has not been enough to seal the deal. A $1.6 million home just a one-minute drive away features similar amenities, including four bedrooms and five bathrooms.
It was listed for 17 days and sold on Aug. 1. According to Zillow, another home just an eight-minute ride away sold for $1.
3 billion at a $10k increase from its listed value. Within the past four months, at least six mansions valued at over $1 million were sold and purchased in Jordan's same neighborhood..
