Posted on 09/08/2024 5:31:51 PM PDT by ChicagoConservative27
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.
(Excerpt) Read more at therealdeal.com ...
If the map correctly identifies his propery, the location makes it an easy access from Highway 41, and not that far from the Illinois tollroad, Interstate 294. There was a nature preserve area on the north side of Route 22, Half Day road. I suspect that undeveloped acreage was the reason he chose to build there. It was really pretty a pretty rural area when I was growing up.
Anything can be sold, at the right price. When Jordan lowers the price sufficiently, it will sell.
Inside Michael Jordan’s abandoned Chicago mansion: Shock condition revealed of the $14m home the NBA star has tried to sell for 11 YEARS
Note to Michael Jordan: A property is only worth what a person is willing to pay for it.
ChicagoLand ain’t a good place to invest in ultra-luxury properties. Per the article, only one area home has sold for more than $10 million all year. Hell, in southeast Florida, they’re probably selling several homes per week in that range. Nonetheless Chicago is hardly unique in terms of being a bad area to invest in ultra-luxury properties. There are perhaps only a dozen or so areas in the entire country where it’s *easy* to offload a $10 million home... Certain areas of Florida (Palm Beach, Jupiter, etc.), certain areas of L.A. county (Malibu, Bel Air etc), certain areas of Orange county (Newport Beach, Laguna Beach, etc), a couple Silicon Valley towns (Atherton, Los Altos Hills), Park City UT, Aspen CO, Ketchum ID. That’s really about it. There are certainly many expensive homes in places like the Hamptons and New Canaan CT, but it’s not necessarily easy to find a buyer quickly.
Is quickly somewhat more than 12 years?
There is a big impediment to selling it: Michael Jordan’s ego.
It’s not like he needs to sell it.
The coolest thing about that property is the nostalgia of that basketball court. The Bulls would come to his house, play and practice in the mornings, and eat breakfast there. All of this was independent of Phil Jackson and official practices etc. That work ethic was likely a big contributing factor to all that they won.
I can see why it is unsold. It’s just a weird architecture home. Looks like the Griffith Observatory in LA from the front.
Not enough disinfectant to make it livable.
My kids used to trick or treat at his house. If he was in town, he would come out to the gate and hand out candy. Passed through that area earlier this year. Still a nice area, but it seemed nicer when I lived there. Jordan's property is sort of between Deerfield and Highland Park we lived in Deerfield. My property taxes in the nineties was double what I pay currently. I cannot imagine what the taxes are on that property they have to be outrageous.
I like Kenilworth better
Thanks! Good info.
Yeah, it wouldn’t be surprising to see much higher prop taxes by now. :^)
He should just abandon the home, write it off and let the county have it for non payment of taxes.
Raise the price to 35 million then donate it to Illinois for a deduction to charity.
Need to put right price on it. Maybe somewhere is 3-10 million.
Jordon’s dwelling has all the charm and human warmth of an industrial office or medical building:
He’s getting beat like a drum on this deal.
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