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Michael Jordan takes yet another shot at selling mansion at half-price

Home » Blog » Michael Jordan takes yet another shot at selling mansion at half-price

Basketball superstar Michael Jordan has been trying to sell this Chicago-area mansion off and on for three years.

It’s on again.

Legend Point, as he dubbed the Highland Park estate, was listed in March 2012 at $29 million, then marked down less than a year later to $21 million.

When that didn’t take, he put it on the auction block in a highly publicized but ultimately fruitless sale. The November 2013 sale was delayed by a month, supposedly to accommodate interest that was “even stronger than we anticipated,” according to Concierge Auctions. But no one placed even the minimum bid — which by then had fallen to a mere $13 million.

Jordan is giving it another shot with the same Chicago listing agent, Katherine Malkin of Baird & Warner, but he’s also enlisted the help of Los Angeles power brokers Mauricio Umansky and Kofi Nartey of The Agency, the Los Angeles Times reports.

The new price tag: $14,855,000.

 

chairs-crop See the Jumping Man logo in the backs of these stools in the basketball lounge?

“If you take a look at those numbers in the price and add them up, they equal 23” — Jordan’s jersey number with the Chicago Bulls —Nartey told the Times.

The 56,000-square-foot home is on more than 7 acres in the tony Chicago suburb of Highland Park. He and his then-wife, Juanita, bought the land in 1991, and three years later they moved into the mansion they’d built.

Both the living room and the family room of the main house are double-height. There are also two dining rooms; the formal one has a table modeled on a map of Baghdad, and the informal eating area is capped by a large, round skylight. The main house has six bedrooms, all with en suite bathrooms — including the master suite, which has his-and-hers closets, a lounge, a steam shower and a Jacuzzi tub, a microwave, a refrigerator, and more. The guest wing has three bedrooms with en suite bathrooms and built-ins, plus a gourmet kitchen.

According to the 2013 auction listing, the estate also has:

“A card and cigar room with a custom-built, walk-in humidor.”

A “gentleman’s retreat” that you enter through the original Playboy Mansion doors from Chicago. It’s equipped with a “billiard parlor” as well as a bar, a library and one of the estate’s five fireplaces.

“A fully equipped in-house beauty salon. (Because that’s what she wants, that’s why.)” The salon has a Sub-Zero under-cabinet refrigerator, the listing notes.

“A regulation-size, NBA-quality basketball court” with adjacent locker rooms and a circular lounge with a “glass observation overlook.”

A wine cellar that holds more than 500 bottles, plus a “wine tasting room.”

A putting green and a tennis court.

A “pool pavilion” that connects the main residence with the guest wing. A retractable canopy “can transform the enclosed room to an extraordinary indoor/outdoor experience geared for entertaining.”

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