Michael Jordan's Illinois mansion finally sells for as low as $9.5M

A mansion for a legend

Constructed during MJ's reign with the Chicago Bulls, where he secured six NBA championships in the 1990s, the estate is steeped in basketball history. The property is unmistakably tied to the legacy of the two-time Olympic gold medalist, from its gated entrance featuring the iconic No. 23 to the customized indoor basketball court emblazoned with Jordan's signature branding.

The mansion has nine bedrooms and 19 bathrooms and was designed with luxury in mind. Beyond the standard living spaces, the property includes an expansive indoor gym, a cigar room, and a state-of-the-art library. For outdoor enthusiasts, the amenities include a tennis court, an infinity pool, and manicured gardens encircling the estate. A garage built to house 14 vehicles completes the picture of exclusivity.

Over the years, however, the estate's grandeur hasn't translated into buyer interest. The original $29 million price tag was slashed repeatedly, with the most recent listing at $14.8 million before the home finally sold.

The price drop

No. 23's list of real estate is not tied to just this one. However, the property's prolonged time on the market might have primarily contributed to its price drop. The Highland Park location, while affluent, doesn't typically attract buyers looking for ultra-luxury estates. The estate also became a symbol of stagnation in the luxury housing market, often cited in industry reports as an example of a high-profile property struggling to find a buyer.

Sometimes, even properties with pedigree face challenges in securing the right buyer. The market for such unique estates is inherently niche. Still, the mansion's sale at $9.5 million represents a significant moment, finally closing a chapter on one of the most notable real estate listings in recent memory.