Chicago Bulls legend and NBA Hall of Fame great Michael Jordan’s 56,000-square-foot Highland Park mansion has found a buyer after 12 years on the market.
The mansion, 2700 Point Ln., sits on over 7 acres and first went on the market for $29 million in 2012. The property went under contingent contract with an asking price of $14,855,000, Katherine Malkin, the Compass agent representing it, confirmed.
The mansion, built in 1995 after Jordan announced his return from his first retirement, features nine bedrooms and 19 bathrooms, as well as a basketball court, cigar room, tennis court and swimming pool, according to the mansion’s listing on the real estate marketplace Zillow.
After Jordan’s marriage to Juanita Vanoy ended in divorce in 2006, the family home got a bachelor pad makeover. There’s a 500-bottle wine cellar with a tasting room and cigar parlor trimmed in custom wood. There’s also a putting green meticulously carved into the estate’s side yard — which Jordan’s chip shot often missed, his former next door neighbor, Lou Weisbach, told the Sun-Times in 2012.
The mansion’s makeover to accommodate Jordan’s preferences may be one reason why the mansion took so long to find a buyer, one expert says.
“It’s a very specialized building both in size and how it’s built,” James Kutill, managing director at the Chicago branch of Integra Realty Resources said. “Finding someone who could really enjoy that property, it’s not an easy thing.”
The buyer of Jordan’s Highland Park estate will also have to pay $148,018 in property taxes.
The asking price was reduced several times, last changing in 2015. That year, Jordan was willing to include 29 pairs of signature Jordans for whomever met his asking price.
“It’s a very unique property in a very upper level bracket of the market,” Kutill said. “It’s not an easy one to market. It’s not easy to find someone that would really appreciate what Michael Jordan wanted at home.”
Kutill “wouldn’t be surprised” if properties similar to Jordan’s Highland Park mansion took years to sell, but says the amount of time the NBA legend’s estate has been on the market is different.
“This isn’t a normal one,” Kutill said. “I’ve not heard of a property on the market for that long very much in my career.”