Long-retired Chicago Bulls basketball star and NBA Hall of Famer Michael Jordan has finally inked a deal to sell his massive mansion on 8.4 acres in Highland Park, which has been on the market for more than a dozen years and which has a current asking price of $14.855 million.
Whether the deal closes — and for what price — remains to be seen, along with who the buyer would be. But the contemporary-style mansion, which Jordan had custom-built in the 1990s with then-wife Juanita Vanoy Jordan, has languished at its current price for more than nine years. From 2012 until 2013, Jordan sought $29 million for it, before chopping its asking price to $21 million in early 2013 and then to $16 million at the end of 2013. He tried a late 2013 auction with a $13 million reserve price that was not a success, which revealed that no buyer anywhere was willing to pay $13 million for it.
Jordan’s final price cut in 2015 — to $14.855 million — was a number chosen, his listing agent has said, because the digits add up to his playing-career uniform number of 23.
Listing agent Katherine Malkin did not respond to a request for comment. However, she told Elite Street in 2022 that “we actually have quite a bit of (buyer) interest in it right now.” While no deal was struck — in 2022 or 2023 — His Airness now appears to have a buyer who, at least preliminarily, has signed on the dotted line.
Built in 1995, the mansion has 15 full bathrooms, four half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The home’s size is in question — Malkin bills it as having 56,000 square feet, while Lake County’s assessor counts its size at 32,683 square feet. It adjoins a forest preserve.
No matter what, a buyer likely will pay a hefty property tax bill. Lake County records show that the estate had a $137,208 property tax bill in the 2023 tax year.
In addition, the Lake County assessor assigns a $4.94 million value to Jordan’s property. From a practical standpoint, that means that if a buyer pays, for example, $10 million for the estate, that buyer can expect the current level of annual property taxes to double.
Jordan owns a five-bedroom, 9,100-square-foot mansion in Jupiter, Fla. that he bought in March for $17 million. He also owns a 26,299-square-foot mansion in Jupiter that he bought for $5.3 million in 2015. And, Jordan paid $3.148 million in 2010 for two top-floor penthouses in a condominium building in downtown Charlotte, N.C. On top of all that, he owns a six-bedroom, 12,310-square-foot mansion in Cornelius, N.C., which he bought in 2013 for $2.8 million.
News
David Licauco posts behind-the-scenes pics of ‘That Kind of Love’ with Barbie Forteza
David Licauco made BarDa stans even more excited with behind-the-scenes photos from his upcoming movie with Barbie Forteza, “That Kind of Love.” On TikTok, the Pambansang Ginoo shared snaps with his loveteam, some sweet ones like him having his arm…
Marian Rivera blessed young couple KobeKyline makes many people jealous
The Filipino entertainment industry is no stranger to whirlwind romances and budding relationships. Recently, there has been buzz around young actress Kyline Alcantara and basketball star Kobe Paras, with fans and media speculating about the real score between the two….
Oh My God Kobe Paras Shares That He’s Crazy About Kyline Alcantara Because Of This
Kyline Alcantara and Kobe Paras recently sparked conversation among fans with a social media exchange that fueled speculation and excitement among followers. Kyline, known for her roles in popular Filipino television series and movies, shared stunning photos of herself wearing…
Mavy Legaspi avoids ex-girlfriend, does not appear at event
Former love team Mavy Legaspi and Kyline Alcantara Mavline On Me via Instagram Former love team partners Kyline Alcantara and Mavy Legaspi were a no-show in a fashion endorsement last week. The “Nation’s Girl Group” BINI was introduced as Penshoppe’s new ambassadors…
The REAL reason Kobe-Kyline is loved by the public
Kyline Alcantara and Kobe Paras joined forces together in their first sitdown interview. Kyline Alcantara/@itskylinealcantara on Instagram Source: Instagram It took place in Infanta, Quezon, when the two and Kyline’s family were on vacation. Additionally, it’s to celebrate Vice Mayor…
Barbie Forteza, David Licauco got mistaken for real-life couple by Arlene Muhlach: ‘Kayo na ba?’
Arlene Muhlach was among those who were caught by Barbie Forteza and David Licauco’s impressive on-screen chemistry that she thought the stars were actually real-life partners. The actress revealed this on Wednesday’s “Fast Talk with Boy Abunda,” where she talked…
End of content
No more pages to load