Michael Jordan sells suburban Chicago mansion for 67% price cut
BASKETBALL icon Michael Jordan has finally sold his sprawling Chicago-area mansion, settling for a significant price cut.
The property closed for US$9.5 million, according to public listing records. The sale price represents a 67 per cent reduction from the initial asking price of US$29 million advertised on Zillow.
Kathleen Malkin, the Compass agent representing Jordan, confirmed the sale and declined to comment further.
The luxurious 32,000-square-foot home in Highland Park, built during Jordan’s championship years with the Chicago Bulls, boasts a regulation-sized basketball court, tennis court and cigar room. The 2.8-hectares estate features nine bedrooms, 19 bathrooms, and a notable touch: the number 23, Jordan’s iconic jersey number, adorns the gate.
More than a decade after hitting the market, the property was marked as contingent in September, indicating a buyer had been found. However, the deal required certain conditions to be met before closing.
The identity of the buyer remains undisclosed, and no buyer’s agent was listed for the sale.
Jordan’s deal comes as high-end Chicago real estate faces challenges, as evidenced by billionaire Ken Griffin recently selling property at below what he paid, including discounted condos to Illinois Governor JB Pritzker. BLOOMBERG
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