Unveiling the Mystery Behind Michael Jordan’s Unsold $30 Million Mansion: Why Hasn’t It Found a Buyer Despite a Decade on the Market?
Unveiling the Mystery Behind Michael Jordan’s Unsold $30 Million Mansion: Why Hasn’t It Found a Buyer Despite a Decade on the Market?
Basketball legend Michael Jordan’s mansion in Chicago remains unsold, even though the star cut the price in half and promised buyers a Nike Air Jordan collection.
Specifically, his huge mansion in Chicago has been for sale since 2012 despite having the price cut in half and promising to give away a set of Air Jordans to anyone who buys the house. But this property is still on the market.
Michael Jordan has been trying to sell his Chicago mansion since 2012. Photo: The Agency
Why is this 56,000 square meter house so difficult to sell? The villa carries too many personal touches
Unless buyers want a piece of NBA history in their home, they’ll have to make significant renovations to this “too Michael Jordan” estate. Photo: The Agency
Maybe the symbol of number 23 for generals at the gate of the house is a reason why the house cannot be sold?
“It was clearly his house,” said Bruce Bowers of real estate company Bowers Realty Group. “There’s a lot of work that goes into making it your own.”
From the price of 29 million USD, the house’s price is now reduced by half, to only 14.9 million USD.
But it has a lot of outdoor space…
The path from the gate to the house is long, and trees are planted around it to ensure privacy for the house. But they are still designed according to the preferences of male craftsmen.
There’s an infinity pool with a grass island in the middle, and on the lawn there’s a hitting area complete with “Jordan-branded flags.”
Michael Jordan’s Chicago mansion has a large plot of land that includes a swimming pool and tennis court. Photo: @ michael_jordann_ / Instagram
Soil Soak also has its own fish pond and tennis court.
Inside the house the decoration is quite simple
Michael Jordan’s mansion was specially designed just for him. Photo: The Agency
Upon entering through the front door, guests will be greeted by a spacious apartment overlooking a sun-drenched garden, complete with a piano. This is just one of the living rooms in the house.
Jordan still shows his luxurious style in small details like doorways.
The villa also has a basketball court
Of course, Jordan’s family must have his own basketball court. Photo: Concierge Auctions
The football field doesn’t have his name on it, and it also has the names of his children…
Some future designs
The dining room is decorated in a more modern style, with a Baghdad table. Photo: Concierge Auctions
The Baghdad table is so called because the street grid on the table top is that of the Iraqi capital.
There are some tanks built on the Wall.
Besides the 9 bedrooms, the most astonishing fact about this residence is that it has 19 bathrooms – 15 of which are equipped with showers, bathtubs,…
The cigar room has many gaming tables. Photo: Concierge Auctions
He is interestingly shown as someone who loves to gamble.
Gym for the whole group
Michael Jordan’s teammates were also selected to have worked out in the mansion’s gym. Photo: The Agency
The villa also has a large wine cellar and a library containing a collection of books and a movie theater adaptation.
MJ has lived in this house for 19 years, some of the furniture is said to have failed.
He tried everything to get anyone to buy it
In 2013, despite offering any price increases, he refused to accept the $13 million price tag. He also tried to market to rich Chinese people who love basketball, but it’s still there.
Visitors are greeted by stunning views as they enter Michael Jordan’s residence. Photo: The Agency
Michael Jordan gives away Air Jordan gifts to home buyers
In 2015, he promised that buyers would also get every Air Jordan ever made in matching sizes — but that didn’t pan out either.
Michael Jordan gives buyers a pair of Air Jordans ever produced. Photo: Taschen
As a result, in the same year he still has to pay $100,000 in real estate taxes.
In addition to paying annual taxes of more than $130,000, he still has his employees clean his house so it looks new and presentable when people come to see it.
The total estimated tax bill from 2012, when the house was sold, is $2.5 million, according to Zillow.
Location is not beneficial
Extravagant external events will certainly be evident. Photo: The Agency
Adam Rosenfeld points out that the house is not in an area where wealthy celebrities are looking to buy.
However, he still waited until someone bought this house
The Hall of Famer basketball player’s net worth is estimated to be around $1.7 billion, so he can afford to wait for the right owner…
