After spending over a decade on the real estate listings, the former home of basketball legend Michael Jordan is now under contract. The Highland Park mansion, nestled in the suburbs of Chicago, could soon have new owners as confirmed by Katherine Malkin of Compass Realty to NBC Chicago. The listed price for the 32,000-square-foot estate stood at $14.8 million, a steep decline from its initial $29 million asking price when it first hit the market in 2012.
The price was reduced after several years on the market, with the final figure offered for the sprawling residence remaining undisclosed. The luxury home, carrying the basketball icon's number 23 in its initial list price, was whimsically priced at $14.855 million since 2015, a detail not lost on fans and potential buyers alike. "NBA Superstar Michael Jordan's seven-acre estate is as legendary as His Airness himself," reads the property listing - a tribute to the sports icon's storied career and the amenities that the house offers, including a regulation-sized basketball gymnasium and a circular infinity pool.
Named Legend Point, the mansion isn't just expansive but also boasts unique features such as a putting green, tennis court, cigar room, and even the original doors from Chicago’s Playboy mansion. The property, with its nine bedrooms and more than a dozen bathrooms, encapsulates luxury befitting its previous owner's fame. A feature earlier this month in The Wall Street Journal also underscored the estate's market journey and its allure to high-end property collectors.
The financial commitments to maintain such a property are significant, as annual property taxes hover around $148,000. Jordan first secured the land in 1991, moving into the completed mansion three years later. The recent potential sale follows on the heels of last year's disposal of his luxury Chicago condo, which fetched $6.82 million.
