realestate

Michael Jordan's Lavish Estate Finally Sold After Decade-Long Wait for $9.5M

Michael Jordan's long-stalled Chicago-area mansion sells after over a decade on market.

M
ichael Jordan's iconic Chicago-area mansion has finally found a buyer after over a decade on the market. The property, known as Legend Point, sold for $9.5 million, significantly lower than its original 2012 listing price of $29 million. This markdown is substantial in the luxury real estate world.

    The home, situated on seven acres in Highland Park, boasts an impressive array of features, including nine bedrooms, 17 bathrooms, a putting green, tennis court, cigar lounge, and regulation-size basketball court. The property's unique design elements include doors salvaged from the original Playboy Mansion. As the Zillow listing describes it, Legend Point is "equipped with every conceivable luxury amenity."

    The estate was built by Jordan himself in 1991 during his Chicago Bulls prime, with an estimated $50 million investment. Its opulent design and numerous nods to Jordan's career make it a shrine to his larger-than-life legacy. However, this also presents a challenge for the new owner: transforming the home into something that feels truly their own.

    The buyer will have a significant project ahead of them, as Legend Point is deeply tied to Jordan's identity. The property's asking price had already been reduced to $14.855 million by 2015, with the digits adding up to Jordan's iconic jersey number #23. Despite its unique features and luxurious amenities, the home sat unsold for over a decade, suggesting that owning this piece of basketball history comes with a steep price – literally and figuratively.

Michael Jordan's luxurious estate sold in Chicago suburb for $9.5 million.