Billionaire basketball legend dropped $50M to build 33k sf pad
Selling Michael Jordan’s ultra-personalized compound has been anything but a slam dunk. The massive home has remained on the market for 12 years and slash its price twice.
Jordan made his mark on the Chicago area estate: His name is painted on the basketball court, flags wave with his Air Jordan logo, and his jersey number adorns the gate, according to the Wall Street Journal. Jordan first listed the mansion at 2700 Point Lane in Highland Park, Illinois for $29 million in 2012, chopping it down to $16 million in 2014, and to $14.9 million in 2015, Compass shows.
That falls far short of what he paid to build the 7-acre estate. Listing agent Katherine Malkin of Compass told the outlet he spent about $50 million constructing the 32,700-square-foot mansion, which was completed in 1995. It spans nine bedrooms, 15 full bathrooms and four half-bathrooms, a gym, regulation basketball court, locker room, trophy room, theater, cigar room, putting green, tennis court and pool.
Malkin sees Jordan’s personal touches as the property’s selling point, rather than a hindrance. The real sticking point at this price point is that Jordan’s home is non-waterfront.
“Most people who are spending that kind of money in the Chicago area want to live on the lake,” she told the outlet. “He chose to not live on the lake because they wanted privacy.”
Despite his home languishing on the market, Jordan has no plans for more price cuts, according to Malkin. That comes with a cost: the hall of famer has paid more than $1 million in property taxes since first listing the mansion, and also pays for a housekeeper, property manager and security.
His primary residence is in Jupiter’s gated Bear’s Club, a Jack Nicklaus-designed luxury golf community. He and wife Yvette Prieto live in the 26,000-square-foot mansion at 172 Bears Club Drive, which has a guest house, guard tower, pool, gym and basketball court. In April, Jordan bought a second Bear’s Club mansion for $16.5 million.
Jordan isn’t the only Chicagoland seller facing a massive loss on a mansion. Last month a Lincoln Park estate that cost $65 million to build sold for $15.3 million.
News
The way Pia Wurtzbach responded to Heart Evangelista SURPRISED netizens
Pia Wurtzbach. Image: Instagram/@piawurtzbach Amid Heart Evangelista publicly addressing their alleged feud, Pia Wurtzbach has seemingly opted not to comment on the matter and just expressed her elation over returning to Dubai with her husband Jeremy Jauncey. “Nothing feels better then…
Kyline Alcantara appeared at a community event, the first time…
In a powerful show of solidarity and generosity, Sparkle stars Kyline Alcantara, Kate Valdez, Paul Salas, and Mikee Quintos joined the OPERATION BAYANIHAN: BAGYONG KRISTINE TELETHON today to support relief efforts for communities affected by Typhoon Kristine. The telethon, a…
Kyline Alcantara shows off beach photos, with the participation of someone fans didn’t expect
Kobe Paras calls Kyline Alcantara ‘island gurl’ in latest photos Kyline Alcantara and Kobe Paras recently went on a beach trip and took lovely photos for social media. On Instagram, the “Shining Inheritance” actress shared a snap of an aesthetically…
Barbie Forteza and Jak Roberto exchange cute, sweet messages on their monthsary
Barbie Forteza and Jak Roberto are spreading kilig vibes online with their sweet messages on Instagram! Showbiz couple Barbie Forteza and Jak Roberto marked their monthsary on January 19 by exchanging heartfelt posts on Instagram Story. The Kapuso Primetime Princess…
Barbie Forteza on showbiz breakups: I DON’T CARE!
Barbie Forteza. Image: Melody Santos via Instagram/@barbaraforteza Barbie Forteza opted to not comment on the string of breakups in the entertainment industry in the past year, saying she respects their “personal lives and privacy.” The year 2023 witnessed several breakups in local…
Barbie Forteza recalls ‘Cinderella moment’ at the GMA Gala 2024
Barbie Forteza had a fairytale moment at the recent GMA Gala. The Kapuso Primetime Princess walked the red carpet in a white ball gown with dainty flower embroideries. During the gala, she reunited with boyfriend Jak Roberto who commented on…
End of content
No more pages to load