Michael Jordan Finally Sells Chicago Mansion After 13 Years on the Market—for Less Than a Third of His Original Asking Price

Basketball legend Michael Jordan has finally sold his beleaguered Chicago mansion for $9.5 million, less than a third of his original asking price—after leaving the property to languish on the market for 13 years.

Jordan, 61, first placed the opulent nine-bedroom, 15.5-bathroom Highland Park, IL, mansion on the market in 2012 with an asking price of $29 million. He then lowered that sum to just $16 million one year later.

Having still failed to find a buyer, the former NBA star changed the price again in 2015—this time altering his ask to $14,855,000 in a subtle nod to his historic career. How does that number relate to his on-court success?

When added, 1, 4, 8, 5, and 5 total 23, Jordan’s longtime jersey number.

But even that gimmicky move failed to lure in any real offers and for the next nine years, the property sat on the market with that same asking price. Until now.

The home was placed under a contingent offer in September, and property records now indicate that the sale has been completed, albeit for a much lower price than Jordan was asking.

It is not currently known who bought the abode—or why Jordan decided to take such a low offer, given that he had seemed content to let the property sit on the market for more than a decade.

Some might suggest that the buyer scored something of a bargain in the deal, particularly given the notoriety that the home has gained—not only because of its very famous former owner but because of the many years it spent listed.

Described in its listing as a “legendary estate,” the property boasts an array of amenities—as well as many unique nods to Jordan’s impressive career on the court.

As well as featuring a full-size basketball court (with the sporting superstar’s Air Jordan logo at its center), the mansion includes an infinity pool, a putting green, a tennis court, and a cigar room.

The front gates of the palatial home, which sits on 7 acres, bear Jordan’s longtime jersey number, 23, leaving no doubt as to the identity of the home’s previous owner.

Over the years, the dwelling has attracted a huge amount of public attention, largely because of Jordan’s refusal to lower the price for close to a decade. However, more recently, it was thrown into the center of a TikTok controversy when an “urban explorer” claimed to have broken into the home and found it in a state of disrepair and ruin.

The urban explorer, who goes by “Decaying Midwest” on TikTok, claimed to have found interiors that are far less appealing than the grandeur and luxury that one might expect from a high-profile property.

The kitchen in the video—which was never verified as having been taken inside Jordan’s home—showed a similar state of disrepair and what appear to be incomplete renovations.

The footage showed cupboard doors left on the floor, water bottles abandoned on the countertops, and pieces of wood scattered around the room.

The video also revealed some attractive features, including a stunning sauna, grand living spaces, elegant chandeliers, and a luxe home theater.

It sparked a surge of interest on TikTok, despite representatives for Jordan stating the video was not taken inside his home.

Still, it may well be that the viral response to the video helped to reignite public awareness of the home’s availability—and the property is now pending sale just one month later.

While many questioned why Jordan refused to reduce the price to attract a buyer, some suggested a very clear reason: He doesn’t need to.

Jordan, who is part owner of the Charlotte Hornets, has an estimated net worth of $3.2 billion, according to Forbes. Much of that fortune came from Jordan selling his majority stake in the Hornets for $3 billion in summer 2023.

The former basketball player also owns several homes across the U.S., including a rental property in Utah, a penthouse in Chicago, and a lakehouse in his home state of North Carolina.