Michael Jordan is known as one of the greatest athletes in history. However, even fame has not helped sell his mansion in Highland Park, Illinois. The property has remained unsold for more than ten years. Although the home is very large and filled with luxury features, it has not attracted a buyer.
It was first listed for 29 million dollars in 2012, but the price has been reduced several times since then. Many people find it surprising that a house linked to such a famous person has stayed on the market for so long.
The reason may be that the house was designed very personally, and it may not meet the needs or tastes of most buyers.
A Custom-Built Mansion
Jordan’s mansion in Highland Park, Illinois, was built in 1995 to match his personal style. The house is very large, with around 56,000 square feet of space. It has nine bedrooms, nineteen bathrooms, a full-size basketball court, a gym, a tennis court, a putting green, and a 14-car garage. The front gate shows the number 23, which is Jordan’s jersey number.
Many parts of the house were designed just for him, making it unique and making it harder for other people to imagine living there. Some buyers may not want such a personal design or may worry about the cost of changing it.
The Location Is Not Ideal
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The mansion is in a quiet area about 25 miles north of downtown Chicago. It is not close to Lake Michigan, which many rich buyers prefer. People looking to buy expensive homes often want water views or a more popular area.
Also, most houses nearby are worth much less. That makes it harder to sell this mansion at a high price. Even if someone likes the house, they may not want to pay much more than what other homes in the area cost.
Costs Are Very High
A house this large is expensive to keep in good shape. The yearly property taxes are very high. Cleaning, heating, and repairs also cost a lot of money.
Some people may like the house but decide not to buy it because of the long-term costs. Living in such a large home means spending a lot of time and money, which not everyone is ready for.
Price Cuts And A Long Wait
The mansion was first listed for 29 million dollars in 2012. Since then, the price has been cut many times. By 2015, it had dropped to about 14.8 million dollars. Still, no one bought it. Over time, real estate agents tried new ways to sell it, but the house stayed on the market.
Finally, in December 2024, after more than ten years, the house sold for 9.5 million dollars. That is much less than the original price.
Also Read: Michael Jordan vs. LeBron James Playoff Stats: Who Truly Dominates When It Matters Most?
