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.
He is said to have lasted there 19 years. Much longer than most. Glaring example how the next generation does not appreciate the extravagance of the 1st. Ego driven or otherwise oversized homes are not practical for the kids or others who are not larger than life figures. Where are the Vanderbuilt homes? Mellon homes, Morgan, Rockefeller, Ford and many others? All are either torn down or museums.
This was likely an investment, like the home he owned in Paradise Valley AZ.
I was disappointing he was unable to wait 23 years.