Why Is Michael Jordans $14 9M Chicago-Area Estate Still Unsold?

Table Of Content

• There's also a cigar room, complete with card tables and intricate details, from the railings to the ceiling.
• Fulton Market developer creating a life sciences campus, including neighborhood’s first public park
• Regulation Basketball Court
• It's 22 miles from where the Charlotte Hornets play. Jordan bought the NBA team in 2010.
• The home also features a full gym.
• In one of the dining areas just off the kitchen, there is a large aquarium built into the wall.

In 1993, during his historic NBA career, Michael Jordan opened his first restaurant in Chicago and has since grown his brand to the national level. In 1998 the first Michael Jordan’s Steak House opened, delivering an unparalleled dining experience elevated to a level you’ve come to expect from the Legend himself. As the G.O.A.T would say “Some people want it to happen, some wish it would happen, others make it happen.” For over 20 years his concepts have created unprecedented experiences for everyone at the table.

There's also a cigar room, complete with card tables and intricate details, from the railings to the ceiling.

The mansion is located in the gated community of The Bears Club and includes various luxury amenities including a golf course, 11 bedrooms and bathrooms, a basketball gym and a pool. Jordan’s penchant for new builds extended to his next real estate purchase. The NBA legend paid an undisclosed amount for a massive vacation home in Park City, Utah. The stone-and-wood mansion measures 9,574 square feet and features a total of five bedrooms and eight bathrooms. The grandeur begins at the entrance, with a museum-like stone walkway leading up to a double-height glass door.

Fulton Market developer creating a life sciences campus, including neighborhood’s first public park

Michael Jordan Missed A Visit To The White House To Gamble With A Drug Dealer - Fadeaway World

Michael Jordan Missed A Visit To The White House To Gamble With A Drug Dealer.

Posted: Tue, 29 Aug 2023 07:00:00 GMT [source]

Today, Jordan owns an 11-bedroom, 28,000-square-foot, $12.4 million mansion on 3 acres in Jupiter, Fla. He also paid $3.14 million in 2010 for the two top-floor penthouses in a condominium in downtown Charlotte, N.C., just two blocks from the arena where the NBA team he owns, the Hornets, plays. And he owns a six-bedroom, 12,310-square-foot mansion in Cornelius, N.C., which he purchased in 2013 for $2.8 million.

Regulation Basketball Court

The new home covers 9,100 square feet with five bedrooms, six bathrooms, a four-car garage, pool and a guest house. Adam Rosenfeld, of the luxury real estate start-up Mercer Vine, told Marketwatch in 2016 that Jordan was likely struggling to sell the house because of all of the personalised customisations. The NBA superstar’s home was built at the height of his career and comes with 9 bedrooms, 14 parking spaces, and some pretty out-of-the-ordinary customizations — including a door taken straight from the original Playboy mansion. Despite his troubles to sell his Chicago mansion, Michael Jordan is living the high life. Apart from his former $90 million Chicago Bulls salary, he's scored numerous endorsements over the years, including Nike, Wheaties, Gatorade, Hanes, MCI, Chevrolet, McDonald's, and Coca-Cola. These still reportedly earn him $80 million a year (via Virtual Globetrotting).

On the other hand, location is also a major factor, given that people who can afford his mansion would rather live elsewhere. He also famously owned a vacation home in Utah, just outside the ski haven of Park City. However, he also listed the four-acre mountain property — which was built into a hillside overlooking the Glenwild Golf Course and the surrounding mountains — for sale back in 2019 for $7.5 million.

Multi-skilled, Jennifer has worked in PR and marketing, and the occasional dabble in the social media, commercial and e-commerce space. Over the years, she has written about every area of the home, from compiling design houses from some of the best interior designers in the world to sourcing celebrity homes, reviewing appliances and even the odd news story or two. An inside look at the $14.9 million mansion of Chicago Bulls legend Michael Jordan in Highland Park, a suburb of Chicago.

A visit to the cigar room shows a decorated ceiling and a high level of detail. It also has plenty of card tables where we’re guessing Jordan played some high-stakes poker games – he is known for his love of gambling, after all. In one of the eating areas just off the kitchen, there is even a large aquarium built into the wall. This 56,000-square-foot home has been listed at the same price now for seven years. After playing for the Chicago Bulls for several years, Jordan settled down in his Chicago mansion in 1994 and lived there for 19 years. “A penthouse on Lake Shore Drive that Chicago Bulls great Michael Jordan bought in the 1990s and his ex-wife sold in 2014 sold quietly in May for $6.82 million,” Dennis Rodkin of Crain’s Chicago wrote.

They lead to a game room with a pool table.

And outside, there’s a tennis court, a putting green, and an infinity pool with a grass island in the centre. Not only does Michael Jordan have his Chicago and Florida properties, the Basketball star also has a $2.8M lakefront home in Cornelius, North Carolina. The house is a 30-minute drive from the Charlotte Hornets arena, the team Jordan owned until earlier this year. The North Carolina property has six bedrooms, a large pool, a private dock, large windows and is surrounded by the lake.

In one of the dining areas just off the kitchen, there is a large aquarium built into the wall.

They later invested heavily into customizing and upgrading the 9-bedroom home, adding unique features — including a pool anchored by a grass island. Another home the retired NBA star spends time in is his $2.8-million lakefront mansion in Cornelius, N.C. The 12,310-square-foot lakefront property is just outside the city. Fox Sports reported Jordan purchased the home in 2013 — right around the time he failed to auction off his Chicago mansion.

Jordan first listed the mansion at the start of March 2012 for $29 million, and then cut his asking price in early 2013 to $21 million. The basketball icon’s Highland Park, Illinois home was recently re-listed for $14.9 million (roughly half its original $29 million ask price). On the market since 2012, 2700 Point Lane has attracted some renewed interest following ESPN’s critically-acclaimed Michael Jordan documentary. In order to sweeten the deal, Jordan has also promised the buyer a pair of every Air Jordan sneakers tailor-fitted to the buyer’s size. Although this seemed like an enticing proposition added to the mix, it hasn’t been successful as Jordan still continues to struggle until this day to sell off the mansion. In fact, the more customized the home is, the harder it is to find the right buyer for it.

Michael Jordan's estate is next to a main road, but is beautifully surrounded by a fence of evergreens. One can only imagine the star-studded parties Jordan threw there back in the day. As is clear from various reports, Jordan has been doing just fine since he decided to step off the court. Not only has his net worth grown since his basketball days, but he also lives with wife Yvette Prieto in various luxurious properties around the nation. There is no need to worry about the house rotting while it remains unsold, though. The mansion is reportedly still occupied by staff employed to keep it looking fresh.

As of 2020, he reportedly spends most of his time at his $12.4-million house in Jupiter, Fla. located in The Bear's Club, a luxurious community designed by famed golfer Jack Nicklaus (via Yahoo Sports). The 28,000-square-foot house includes 11 bedrooms, a two-story guard house, full-size basketball court, and cigar-friendly media room, according to Echo Fine Properties. Michael Jordan’s homes are, perhaps, almost as impressive as his basketball accomplishments. During his career and since his (final) retirement, Jordan has also invested much of his fortune in real estate, acquiring a handful of multimillion-dollar mansions over the years.

Built in 1995, the contemporary-style mansion has 15 full bathrooms, 4 half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The property has 56,000 square feet of living space in total, including the basement and the garage with space for 15 cars, while outside on the grounds are a tennis court and a putting green. After looking inside the house, there’s no question that it has Michael Jordan written all over it.