Not A Slam Dunk! Even With A $8M Price Chop, Michael Jordan’s Chicago-area Mansion Still Lingers On the Market
Highland Park, IL
Most Known For
NBA great and current owner of the Charlotte Bobcats
9 bedrooms, 19 bathrooms, 27,648 square feet
Air Jordan is getting grounded in Illinois, where the sale of his 9 bedroom, 19 bathroom, 27,648 square foot Highland Park home is failing to take flight. The NBA great listed his Chicago-area home at 2700 Point Drive in February 2012 for $29 million, and later slashed the price by $8 million, to bring it to its current asking price of $21 million…where it’s been lingering for months.
With an indoor basketball court, a 3-bedroom guesthouse, indoor/outdoor entertaining and pool area, outdoor tennis court, putting green, deep-water pond and 3 garages, the home is incredible – but is it worth the price? If Jordan gets his full asking price for the estate, it’d be a historic sale in the state of Illinois. According to MLS data from the past 25 years, only 8 homes have sold for more than $10 million and the last massive sale of this magnitude was in 2006, at the height of the national housing bubble.
Jordan custom built the home in 1995 and lived in it during his illustrious career with the Chicago Bulls. After his divorce from his first wire Juanita, retirement from the NBA and his new career as majority owner and chairman of the Charlotte Bobcats, Jordan has found himself a stunning new $2.8M lakefront estate on Lake Norman in Charlotte, NC. He’s also recently built a 38,000 square-foot estate in Jupiter, FL. With a new wife and a new life in North Carolina and Florida, Jordan’s more than ready to alley-opp this mansion over to a new owner.