After 12 years, Michael Jordan’s $15M Highland Park megamansion continues to flounders on the market

Therealdeal ^ | 09/08/2024 | TRD Staff

[ChicagoConservative27]

The property taxes are insane.

[Jane Long]

Continues to flounders ???

[SaveFerris]

LOL 🤣🤣🤣

(and slash)

Tense!!

[SaveFerris]

(Continues to flounders ???)

Ongoing movement towards fish 🐟🐠🐡

(sorry those are the only fish my phone 📱 has)

[heavy metal]

just sell it...

[ansel12]

Paint the walls Navajo white.

[Dilbert San Diego]

Every property has its market value. If they aren’t getting offers, it’s overpriced.

[Vaduz]

It matches the neighborhood not some place you would want to live in.

[SunkenCiv]

Looking at the aerial view, it’s obvious that he overbuilt for the neighborhood. Also there’s what appears to be a busy loud avenue just east, and beyond it a commercial strip.

https://www.google.com/maps/place/2700+Point+Ln,+Highland+Park,+IL+60035

Nice lookin’ front gate:

https://www.zillow.com/homedetails/2700-Point-Ln-Highland-Park-IL-60035/4902463_zpid/

[fso301]

As nice as it is, it was a custom 1980s home for Jordan full of 1980s style.

A new owner will want to do a tear down.

[Chode]

it’s sprawling butt ugly doesn’t help

[Jane Long]

DEI writer.

Don’t axe me how I know.

[Westbrook]

Can you imagine the maintenance costs for that white elephant?

[Bonemaker]

As are the politics, HP about as left wing democrat as it gets. Filth.

[cgbg]

Realtor.com is showing property taxes of $148,018 a year.

I hope the city picks up the garbage.

Lol.

[monkeyshine]

It may be overpriced or it just may be anybody who can afford such a house doesn’t want to be in Illinois, pay Illinois taxes etc. If you have $12 million you can live in a much nicer state with better weather and more things to do. Even California - you may pay the same in taxes but you’re in California. Or Florida. Or Texas. Illinois does’t offer much and I imagine most of the wealthy are planning how to get out - not to dig themselves in deeper. As a primary residence it may not be ideal, and I can’t see it being a vacation home either. So there is a very limited market of buyers.

And I imagine that those who could afford it, who are also committed to living in Illinois already have a nice place. The market of potential buyers has to be extremely small.

[stylin19a]

12 years ? that home should have a bazillion squatters by now...

[SaveFerris]

🪓🪓🪓🪓🪓🪓🪓

[dfwgator]

It’s all about location. If it were a desirable location would have sold. Someone with that kind of money would just tear down the house anyway and build their own house the way they want it.

[Jane Long]

😂