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Michael Jordan Finally Sells $9.5M Luxury Mansion After 12 Years, $50M Investment (Photos)

December 28, 2024

Photo: Daily Mail 

After more than a decade on the market, Michael Jordan’s legendary Chicago-area mansion has finally sold for $9.5 million. While the sale marks the end of a 12-year journey, the price is a significant drop from its original $29 million listing in 2012—a steep markdown for one of the most unique properties in luxury real estate.

Known as Legend Point, the 56,000-square-foot Highland Park estate is a tribute to Jordan’s illustrious career and personal style. Built in 1991 during his Chicago Bulls prime, the home sits on seven acres and features nine bedrooms, 17 bathrooms, a putting green, a tennis court, a cigar lounge, and a regulation-size basketball court. A standout feature includes doors salvaged from the original Playboy Mansion.

The mansion’s listing creatively nodded to Jordan’s legacy. By 2015, the price was reduced to $14.855 million, a figure that adds up to Jordan’s iconic jersey number, #23, which also adorns the estate’s front gates. Despite the property’s unparalleled amenities and connection to the basketball legend, it struggled to attract buyers—a challenge many attributed to its deeply personal design, which made it difficult for potential buyers to envision as their own.

Jordan reportedly invested $50 million to build the home from scratch, crafting a space that’s been described as “as legendary as His Airness himself.” However, the high level of customization may have also contributed to the lengthy sale process. The new owner, whose identity remains unknown, now faces the task of transforming the estate into something less synonymous with Jordan’s larger-than-life persona.

While the final sale price is a win for the buyer, it’s no loss for Jordan, who relocated to Florida years ago. Earlier this year, he purchased a $16.5 million mansion in Jupiter, marking his second property in the exclusive community. For the six-time NBA champion and global icon, patience and a diversified real estate portfolio appear to have paid off.

Legend Point may no longer belong to Jordan, but its legacy as a symbol of his greatness remains intact. For the new owner, it’s more than just a house—it’s a piece of history.

Credit: Benzinga, Daily Mail

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