WRE News September 20, 2024
Buyer
Basketball great Michael Jordan’s saint-worthy patience with the housing market has finally been rewarded – the NBA Hall of Famer finally sold his Chicago-area mansion after having it on the market for 12 years.
The Chicago Tribune reported Jordan sold the 8.4-acre estate in Highland Park, Illinois, for $14.855 million. The sale price was no accident –when added up, 1, 4, 8, 5, and 5 totals 23, which was Jordan’s uniform number when he played with the Chicago Bills.
Jordan custom-built the residence in 1995 and listed it for $29 million in 2012. The price was cut to $21 million and then to $16 million in 2013, and in the same year he unsuccessfully tried to auction it with a $13 million reserve price. It has been at its sale price since 2015.
The mansion has nine bedrooms, 15 full bathrooms, four half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room; the front gate to the estate has the number 23 on its bars. The home’s size is in dispute – it was listed at 56,000 square feet, although a county assessor put it at 32,683 square feet.
Jordan owns two mansions in Jupiter, Florida, as well as a pair of condominium penthouses and another mansion in North Carolina.
Stay up to date on the latest real estate trends.
February 5, 2025
February 4, 2025
Except for Canada’s famous sites and biggest cities, most American travelers — including travel writers — know very little about other places to see and restaurants to… Read more
February 4, 2025
How many times a day do you touch your phone?
February 4, 2025
Feeling low-energy?
February 4, 2025
There is more to homeownership than mortgage costs – indeed, a new data study published by Clever Real Estate determined the typical homeowner spends an average of $24… Read more
February 4, 2025
Nearly half (47.7%) of mortgaged residential properties were considered equity-rich in the fourth quarter of 2024, according to data from ATTOM.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today