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Michael Jordan’s legendary Chicago-area mansion has been on the real estate equivalent of a never-ending shot clock. After sitting unsold for over a decade, the property has finally found a buyer.
Public records confirm the deal has closed, with the home selling for $9.5 million – a far cry from the $29 million it was originally listed for in 2012. In the world of luxury real estate, that’s what you call a serious markdown.
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By 2015, the asking price had already dropped to $14.855 million – a number with a quirky twist. Why so specific? The digits add to Jordan’s iconic #23, a nod to the jersey number that adorns the mansion’s front gates.
This isn’t just any house. Known as Legend Point, the 56,000-square-foot Highland Park estate is a shrine to Jordan’s career and unmistakable style.
According to the Zillow listing, the property is “equipped with every conceivable luxury amenity.” The home sits on seven acres and boasts features as unique as its owner, including doors salvaged from the original Playboy Mansion. The property has nine bedrooms, 17 bathrooms, a putting green, a tennis court, a cigar lounge and – you guessed it – a regulation-size basketball court.
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The real estate listing didn’t hold back on the superlatives, calling the estate “as legendary as His Airness himself.” It’s practically a museum of MJ, designed to showcase his larger-than-life legacy. But therein lies the challenge: owning this home feels a bit like stepping into Jordan’s shoes – literally. Perhaps that’s why it sat unsold for so long. How do you make a home with that much Jordan energy feel like yours?
Whoever the mystery buyer is, they’ve got a big project ahead of them. Transforming Legend Point into something less … Michael Jordan will be no small task. After all, Jordan built the estate from scratch in 1991 during his Chicago Bulls prime, pouring an estimated $50 million into its construction.
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According to Business Insider, listing agent Katherine Malkin told The Wall Street Journal that Jordan bought the property as a vacant lot in 1991, during his Chicago Bulls prime and invested about $50 million to bring his vision to life.
Meanwhile, MJ hasn’t exactly been sweating the slow sale. He’s long since relocated to sunny Florida, where he picked up a $16.5 million mansion in a gated community in Jupiter earlier this year. It’s his second home in the neighborhood. When you’re Michael Jordan, you can afford to wait (and diversify your real estate portfolio).
So, while the sale price might be a slam dunk for the buyer, it’s a buzzer-beater of sorts for Jordan. After 12 long years on the market, Legend Point has a new owner. But let’s be honest: this mansion will always be Michael Jordan’s house – playboy doors and all.
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This article Michael Jordan Sells His Massive Luxury Mansion For $9.5 Million – But It Took 12 Years To Find A Buyer And He Spent $50 Million Building It originally appeared on Benzinga.com
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