Michael Jordan FINALLY finds a buyer for his $15m Chicago mansion – after trying to sell abandoned property for 12 YEARS
After sitting on the market for 12 years, it appears that Michael Jordan’s Chicago mansion has finally found a buyer.
The basketball legend’s Highland Park estate is currently listed as ‘contingent’, according to TMZ, which indicates that the buyer and Jordan have a deal that has conditions to be met.
The last listed price on the mansion was $14,855,000 – a massive cut from the initial asking price of $29m when the house first hit the market in 2012.
This buyer has not yet been identified, but they landed themselves a massive 56,000-square-foot home.
Amenities for the mansion include nine bedrooms, 19 bathrooms, a cigar room, a library, an indoor gym, a circular infinity pool, a basketball court, a tennis court, and an iconic front gate with the number 23 on it.
Michael Jordan has finally been able to sell his 56,000sqft Chicago-area mansion
The front gate of Jordan’s Highland Park, Illinois mansion includes his old jersey number
The buyer has not yet been identified, but they landed a massive 56,000-square-foot home
Amenities for the mansion include nine bedrooms, 19 bathrooms, a cigar room and a library
There is also a basketball court, a tennis court, an indoor gym and a circular infinity pool
It’s unclear what condition the home is currently in after a months-old TikTok clip appeared to show the house in complete disarray.
Footage of the six-time NBA champion’s home resurfaced again, apparently showing the abandoned property in complete disarray.
Jordan’s private indoor basketball court is flooded while one of his multiple kitchens looks like it’s in the process of being disassembled.
The footage was recorded about nine months ago by an ‘urban explorer’ and posted on TikTok in January. Now it’s gaining traction across social media – despite representatives for Jordan saying it is not his house.
‘It’s clearly his home,’ Bruce Bowers of the Bowers Realty Group told SportBible. ‘It’s a tough sell. There’s a lot of work that would have to be done to make it your own.’
Jordan has primarily lived in his native North Carolina in retirement, although he’s been seen spending the summer with his wife, Cuban-American model Yvette Prieto, aboard a yacht in the Mediterranean.
Jordan brought an end to his 13-year reign as Hornets owner by offloading his majority stake in the franchise to a group led by Rick Schnall and Gabe Plotkin back in August of 2023.
Michael Jordan and his wife, Yvette Prieto attend the Pro Football Hall of Fame ceremony
A months-old TikTok clip appeared to show the once luxurious house in complete disarray
Jordan’s private indoor basketball court appeared to be flooded in the TikTok video
The sale to Schnall and Plotkin was said to be worth a staggering $3billion, marking a colossal profit for the 61-year-old given he forked out $275million to purchase the team back in 2010.
Jordan remains the Hornets’ minority owner.
And after cashing in on his majority stake in Charlotte, Jordan has entered Forbes’ 400 list – consisting of the wealthiest Americans with in the US.
His net worth is now understood to have surpassed the $3b mark, meaning he has become the first ever athlete to be included in Forbes’ exclusive club.
Jordan remains the wealthiest athlete in history after combining his iconic career in the NBA with some of the biggest commercial deals ever off the court.
The most famous of those brand partnerships is of course with Nike, with whom he’s partnered on the Jordan brand.
The former Chicago Bulls superstar’s most recent yearly royalty check with Nike was reportedly worth around $260m.