Michael Jordan opted to construct one of the largest mansions in the Chicago suburbs. Years later, the five-time MVP listed the seven-acre property for $29 million. It may seem like many people’s dream to live in a home built by the greatest player in NBA history, but apparently, this has not been enough to get the property off the market.
The mansion has struggled to obtain a buyer for nearly a decade, even after the asking price was slashed to nearly half. Let’s learn all about this enormous estate and why it has been hard for His Airness to sell the home.
A look inside Michael Jordan’s Chicago mansion
Approaching from the ground, you can quickly tell the property belongs to the NBA legend; his iconic No. 23 is welded to the gate. After a long drive from the entrance, 40-foot evergreens surrounding the property and provide privacy for the home. The outdoor space is undoubtedly impressive and sprawling with a tennis court, an infinity pool, and a putting green.
Like the exterior, the home’s interior proves to be spectacular. The three-level mansion features nine bedrooms, 15 full baths, a three-bedroom guest house, four baths, and a 14-car garage. There are numerous dining rooms and sitting rooms in the mansion. Guests can enjoy eating at a Baghdad table in one of the dining rooms, reports Home Bunch. Also, in one of the dining rooms, there is a huge aquarium built into the wall.
Unsurprisingly, the centerpiece of the house is a full-size basketball court with Jordan’s name on both ends and the Jumpman logo at the center. Other noticeable features in the place include a gourmet chef’s kitchen, cigar room, wine cellar, full gym, library, and a set of doorways from the original Playboy Mansion of Chicago.
Jordan has struggled to sell his Chicago mansion for nine years
Jordan got full ownership of the house in 2007, a year after separating from his ex-wife, Juanita Vanoy, reports NBA Fandom. He first put his home for sale in March 2012 with an asking price of $29 million. No buyers were willing to stake that high, and this made the property languish on the market. A year later, Jordan dropped the price to $21 and then relisted it again for $16 million.
The struggle continued. In 2015, the property’s listing agent at that time stated that, as an incentive, they would give a buyer every edition of Air Jordans in their size. The current price for the house now is $14,855,000. If you add up the numbers in the recent listing, 14,855,000, the total is 23, the iconic number in Jordan’s jersey — and almost half the original asking price.
Why Michael Jordan’s mansion has been on the market for nearly a decade
According to Forbes, one of the main reasons the house has not been sold is the high level of personalization present in the place. This includes the No. 23 welded onto the front gate. Bruce Bowers, a real estate expert from Real Deal, also stated that the mansion requires many renovations. The modifications would cost a fortune. This might be a reason why no one has bought it yet.
It is also challenging to find buyers who can afford to purchase and maintain such a large house. According to CNBC, rapper 50 Cent also waited around a decade for his massive compound in Farmington, Connecticut to sell.
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