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They later invested heavily into customizing and upgrading the 9-bedroom home, adding unique features — including a pool anchored by a grass island. Another home the retired NBA star spends time in is his $2.8-million lakefront mansion in Cornelius, N.C. The 12,310-square-foot lakefront property is just outside the city. Fox Sports reported Jordan purchased the home in 2013 — right around the time he failed to auction off his Chicago mansion.
Renovated Kitchen
Since 2012, Jordan has been exhausting all of his efforts to sell this seven-acre property. Michael owns a 6-bedroom lakefront home in Cornelius, NC, and another luxury condo in downtown Charlotte. Shaq’s house lingered on the market after first listing for $28 million — likely priced aggressively in order to leave room for negotiations.
What was the listing price for Michael Jordan's house located at 103 W. Bears Club Drive?
Fast-forward 12 years, and the Highland Park, Illinois, property still awaits a new owner, now being offered at an asking price nearly half of the initial ambitious valuation envisioned by the NBA legend and his real estate agents. Michael's house has a regulation-size basketball court, splashed with his name and the Jumpman logo. He used to have his teammates over on some practice days to lift weights and eat breakfast before going to the official team practice, according to former teammate Randy Brown. Michael Jordan purchased this 56,000-square-foot property during the time when he won the first of six NBA championships. Around 1991, the property cost Jordan and his then-wife Juanita Vanoy $2 million. Moreover, he also added that this was the very home his children grew up in.
Why Is Michael Jordan’s $14.9M Chicago-Area Estate Still Unsold 12 Years After Being Listed?
Jordan first listed the mansion at the start of March 2012 for $29 million, and then cut his asking price in early 2013 to $21 million. The basketball icon’s Highland Park, Illinois home was recently re-listed for $14.9 million (roughly half its original $29 million ask price). On the market since 2012, 2700 Point Lane has attracted some renewed interest following ESPN’s critically-acclaimed Michael Jordan documentary. In order to sweeten the deal, Jordan has also promised the buyer a pair of every Air Jordan sneakers tailor-fitted to the buyer’s size. Although this seemed like an enticing proposition added to the mix, it hasn’t been successful as Jordan still continues to struggle until this day to sell off the mansion. In fact, the more customized the home is, the harder it is to find the right buyer for it.
In 1993, during his historic NBA career, Michael Jordan opened his first restaurant in Chicago and has since grown his brand to the national level. In 1998 the first Michael Jordan’s Steak House opened, delivering an unparalleled dining experience elevated to a level you’ve come to expect from the Legend himself. As the G.O.A.T would say “Some people want it to happen, some wish it would happen, others make it happen.” For over 20 years his concepts have created unprecedented experiences for everyone at the table.
A visit to the cigar room shows a decorated ceiling and a high level of detail. It also has plenty of card tables where we’re guessing Jordan played some high-stakes poker games – he is known for his love of gambling, after all. In one of the eating areas just off the kitchen, there is even a large aquarium built into the wall. This 56,000-square-foot home has been listed at the same price now for seven years. After playing for the Chicago Bulls for several years, Jordan settled down in his Chicago mansion in 1994 and lived there for 19 years. “A penthouse on Lake Shore Drive that Chicago Bulls great Michael Jordan bought in the 1990s and his ex-wife sold in 2014 sold quietly in May for $6.82 million,” Dennis Rodkin of Crain’s Chicago wrote.
Inside, amenities include a massive indoor basketball court, a cigar room, a home theater, and a game room featuring doors from the original Playboy Mansion in Chicago. Jordan lived there for many years before listing it for $29 million in 2012. The star athlete has failed to secure a buyer for the property after more than a decade on the market and after multiple price drops, however. Jordan’s next real estate move took him to Jupiter, Florida, where he purchased a $4.8 million mansion situated on three acres of Jack Nicklaus’s exclusive Bear’s Club community. Jordan reportedly spent an additional $7.6 million renovating the house to his particular standards.
On the other hand, location is also a major factor, given that people who can afford his mansion would rather live elsewhere. He also famously owned a vacation home in Utah, just outside the ski haven of Park City. However, he also listed the four-acre mountain property — which was built into a hillside overlooking the Glenwild Golf Course and the surrounding mountains — for sale back in 2019 for $7.5 million.
Did Michael Jordan Plunk Down $16.5 Million for a New Florida Mansion?
As of 2020, he reportedly spends most of his time at his $12.4-million house in Jupiter, Fla. located in The Bear's Club, a luxurious community designed by famed golfer Jack Nicklaus (via Yahoo Sports). The 28,000-square-foot house includes 11 bedrooms, a two-story guard house, full-size basketball court, and cigar-friendly media room, according to Echo Fine Properties. Michael Jordan’s homes are, perhaps, almost as impressive as his basketball accomplishments. During his career and since his (final) retirement, Jordan has also invested much of his fortune in real estate, acquiring a handful of multimillion-dollar mansions over the years.
Michael Jordan’s Illinois Residence Reportedly Broken Into - Sports Illustrated
Michael Jordan’s Illinois Residence Reportedly Broken Into.
Posted: Wed, 05 Apr 2023 07:00:00 GMT [source]
Michael Jordan's estate is next to a main road, but is beautifully surrounded by a fence of evergreens. One can only imagine the star-studded parties Jordan threw there back in the day. As is clear from various reports, Jordan has been doing just fine since he decided to step off the court. Not only has his net worth grown since his basketball days, but he also lives with wife Yvette Prieto in various luxurious properties around the nation. There is no need to worry about the house rotting while it remains unsold, though. The mansion is reportedly still occupied by staff employed to keep it looking fresh.
Built in 1995, the contemporary-style mansion has 15 full bathrooms, 4 half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The property has 56,000 square feet of living space in total, including the basement and the garage with space for 15 cars, while outside on the grounds are a tennis court and a putting green. After looking inside the house, there’s no question that it has Michael Jordan written all over it.
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