Reasons Why Michael Jordan’s $15 Million Mansion Won't Sell

Michael Jordan’s Highland Park home is currently on the market for $14.85 million - quite the asking price for a 56,000-square-foot property replete with the signature touch of the one and only Air Jordan. But, while one would think the estate of perhaps the most-esteemed professional athlete, let alone the greatest NBA player of all time, would be off the market in no time, the opposite appears to be true. Jordan’s mansion has been listed, and relisted, several times since it initially went up for sale in 2012 when the asking price was $29 million. So, what gives with the GOAT’s house? Want to schedule a tour of MJ’s home? It’s easier than you’d think, provided you qualify financially of course. Just in case it’s a little outside your price range. the folks at Realtor.com offer a decent glimpse inside the home at 2700 Point Lane. Describing it as equipped with every conceivable luxury amenity. A physical monument to his tireless dedication and hard work. Built in 1995 the same year Jordan would famously return to the Chicago Bulls after a short stint playing baseball. The 32,685-square-foot mansion quarters are loaded with luxury. In addition to the aforementioned amenities, there’s also a 15-car garage. Steam shower, den, study, outdoor grill, fire pit, and according to this 2013 ESPN article. A gentleman’s retreat, complete with a library, wet bar and the original doors from the Playboy mansion in Chicago. And don’t forget about the iconic “23” on the gate of the property. But of course, with luxury comes expenses. The property boasts $135,969 in annual taxes, according to the listing. A year after going on the market for $29 million, the price of the home dropped to $21 million. Shortly thereafter, following an unsuccessful attempt to sell it at auction, the price was dropped again and relisted for $16 million. It wasn’t until 2015 that the home was listed at its current price $14,855,000. The price, according to this 2022 article in the Chicago Tribune, was selected because the digits add up to his playing-career uniform number of 23. And there it has remained. But it’s not for a lack of trying. The property has been heavily marketed over the years. Most notably in a campaign from seven years ago featuring a hype video called. I Am using Jordan’s voiceover and a tour of his impressive estate. The video, which has 2.1 million views on TH-cam. Encourages buyers to own the ULTIMATE Sports & Entertainment Estate. Maybe it’s the suburban luxury market in Illinois? Maybe it’s the fact that the home is literally built for Michael Jordan? Or maybe it’s something else. The general sentiment around the non-sale of the property. However, is that it’s simply overpriced for the neighborhood it is in. Gail Lissner, a managing director at Integra Realty Resources. Told Business Insider in 2019. That the comparable home prices in the area may be a challenge. Any time you have these homes that are just kind of gross over-improvements for the area they do lead to very. Very lengthy marketing times,” she told BI. It’s located in an area that is much more modest. But that doesn’t mean there are no interested parties. Katherine Malkin of Compass. The current listing agent for MJ’s estate, told Boardroom that she has been asked not to comment about the status or history of the property. However, in the same 2022 article in the Tribune mentioned above. Malkin said there was a lot of interest in the estate. “I’m not sure if it’s because of the TV programs that they did like two thousands. “The Last Dance” documentary miniseries on Netflix or if it’s because people have an interest in looking at it a little bit differently. But suddenly there does appear to be a bit of interest in it. She told the Tribune. So, what will become of Jordan’s Highland Park home? That’s it for today, thanks for watching. tell us what you think in the comment section and most importantly subscribe. see you!!

[@odellwalton3524]

MJ you are a business man. Revamp it and turn it into a airbnb. Or add more rooms a couple of venues and you got a hotel. The Hotel Jordan!

[@bigdogfromnj]

He should just tear it down and sale the property