Why Michael Jordans house has been on the market for four years

Table Of Content

• Michael Jordan’s Highland Park mansion, listed…
• There are plenty of media rooms throughout the house. Even the seemingly random nooks like this one below have TVs.
• Jordan had the house custom built from scratch to suit his taste. Outside, there's an infinity pool ...
• Take a tour of Michael Jordan's Chicago mansion that's been on the market for 10 years and see why he can't sell it
• Customized Illinois Mansion

The NBA superstar’s home was built at the height of his career and comes with 9 bedrooms, 14 parking spaces, and some pretty out-of-the-ordinary customizations — including a door taken straight from the original Playboy mansion. Jordan bought a resort-style, 9,100-square-foot home at 103 West Bears Club Drive, The Real Deal reported. The five-bedroom, six-bath home sits on a one-acre property within The Bears Club, a 400-acre gated community with a Jack Nicklaus–designed golf course, about a mile from the ocean beach. Under Bulls and Bears LLC, Jordan owns his house in Jupiter and has expanded his real estate portfolio to include premium properties in Jupiter and other locations around South Florida and the United States. The primary bedroom is a comfortable retreat, but its lavish en-suite bath steals the show. A peek inside reveals marble floors, a barrel-vaulted ceiling, and a soaking tub set into a bay window.

Michael Jordan’s Highland Park mansion, listed…

Michael Jordan's Chicago mansion is currently on sale for $14900000, almost half the original price of $29069000 - Sportskeeda

Michael Jordan's Chicago mansion is currently on sale for $14900000, almost half the original price of $29069000.

Posted: Thu, 03 Aug 2023 07:00:00 GMT [source]

Similarly, the compound also consists of an exotic spa and gigantic pool for some downtime. We all know of Michael Jordan’s love for cigars and gambling, so there’s a cigar-friendly media room in Jordan’s house with state-of-the-art ‘cigar friendly’ appliances. Fitting for one of the greatest NBA players of all time, Michael Jordan owns many houses around the country, from Illinois to Florida, North Carolina, and Utah.

There are plenty of media rooms throughout the house. Even the seemingly random nooks like this one below have TVs.

Many of them don’t need the cash from the sale in order to buy something new, meaning they can hold out for the price they want—even if that means waiting for years. And they often market the property globally, in order to reach more high-net-worth individuals. We can all agree that the house in Jupiter, Florida, is a next-level-class luxury home.

Jordan had the house custom built from scratch to suit his taste. Outside, there's an infinity pool ...

Jordan’s next real estate move took him to Jupiter, Florida, where he purchased a $4.8 million mansion situated on three acres of Jack Nicklaus’s exclusive Bear’s Club community. Jordan reportedly spent an additional $7.6 million renovating the house to his particular standards. It’s the residence that he and wife Yvette Prieto currently reside in with their twin daughters, Victoria and Ysabel. Built in 1995, the contemporary-style mansion has 15 full bathrooms, 4 half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The property has 56,000 square feet of living space in total, including the basement and the garage with space for 15 cars, while outside on the grounds are a tennis court and a putting green. Jordan married his first wife, Juanita Vanoy, in 1989, and the pair purchased a Chicago penthouse together a few years later for $3 million.

The local tax assessor assigns a market value of $4.77 million to the property. At the entrance of the private driveway is a grand entry gate bearing Michael Jordan’s famous Chicago Bulls shirt number 23. This level of personalisation is perhaps the reason why the property has failed to sell.

Featuring a full-size basketball court, a state-of-the-art fitness center, a 2,000-bottle wine cellar, and a private home theater, Jordan's home has no shortage of amenities. Impeccable craftsmanship, high-end finishes, and breathtaking views of the well-manicured golf course create an ambiance that reflects Jordan's taste for opulence. A name synonymous with basketball legend, Michael Jordan is almost as popular in his business ventures as he was on the court.

Inside, the mansion has five lounges with so many ceiling-to-floor windows for plenty of natural light. Outside, this massive property is surrounded by more than 260 trees and also houses a 15-heated garage space and a well-stocked pond. The house also has a private dock to lake Norman where the family can enjoy water sports or a leisurely Sunday afternoon walk. The family room has large windows that pour the outdoor atmosphere into the indoor space; this also helps ensure that there’s plenty of light. Now you can get a peek at His Airness’ $14.9 million mansion in Highland Park, Ill..

Customized Illinois Mansion

He has solidified his presence in the growing city and continues to make an indelible mark on the world of sports and business all over the globe. At least for us here in Florida, Michael Jordan's house in Jupiter is a testament to his enduring legacy. As with any sale, pricing it appropriately from the start is very important, said Blankenship. “You don’t want to be in a position where you are chasing the market down,” she said.

Johnny Depp Relists French Village for $55 Million, More Than Doubling the Price

Basketball Hall of Famer MichaelJordan made headlines this week by purchasing a $16.5 million mansion in the Palm Beach County town of Jupiter, where he already owns a home. One of the most celebrated athletes in history, Michael Jordan has continued to make a name for himself far beyond basketball. Jordan's entrepreneurial spirit led him to explore various business ventures, including his ownership of the Charlotte Hornets NBA franchise. Double islands add functionality to the light-filled kitchen, paring wood cabinets and accents with white marble countertops.

These include the South Carolina, North Carolina, Virginia, Duke, and Syracuse programs. Finally, in 1981, he accepted a scholarship to the University of North Carolina, Chapel Hill, where he played and majored in Cultural geography. But while the home is luxurious at best and carries a lot of Jordan’s history, he has yet to unload the property to a buyer. Based on reports, one of the major reasons Jordan has yet to sell the mansion is because the house is too customized for Jordan. On the other hand, location is also a major factor, given that people who can afford his mansion would rather live elsewhere.

It took two years to complete, six months of planning, plus eighteen months of construction to create MJ’s luxury dream home. In 1968, when Michael Jordan was five years old, the family moved to Wilmington, North Carolina, where Jordan enrolled at Emsley A. Laney High School. The irony is that Jordan tried to join the varsity basketball team in his second year, but he was 5’11” at the time, and they thought he was too short to play. As one of the most famous athletes in basketball and professional sports, the Jordan brand brings Jordan roughly $130 million annually. Michael Jordan’s current net worth is estimated at $1.7 billion, making him one of the richest athletes in the world.

As you step inside the lower level of the Highland Park home, it houses a walk-in humidor, a fully equipped beauty salon, and a gigantic wine cellar that holds 500 bottles. Next to the wine cellar is an exquisite wine-tasting room to complement the wine cellar. The Illinois mansion in the Chicago suburb has nine bedrooms, five full bathrooms, and four half-bathrooms. From the house design, it’s clear that Michael Jordan prefers the familiar clean break brought about by the Mizner Traditional Mediterranean architecture. This architectural design is popular in the Palm Beach area and has been used for the past 80 years.

The sprawling property sits on 3 acres and is surrounded by tall trees and lush landscape, to protect the baseball legend’s privacy. Michael owns a 6-bedroom lakefront home in Cornelius, NC, and another luxury condo in downtown Charlotte. He picked up two large properties in North Carolina, a state dear to his heart for several reasons. In addition to owning their NBA team, the Charlotte Hornets, Jordan often calls North Carolina his home state — he spent his childhood living here after his parents moved to the Tar Heel State when he was just a toddler. In fact, the more customized the home is, the harder it is to find the right buyer for it. The best example is Shaquille O’Neal’s longtime home in Florida, which bounced on and off the market for years.

And outside, there’s a tennis court, a putting green, and an infinity pool with a grass island in the centre. Current homes for sale in The Bears Club range from $5.5 million to $37.5 million, with a property selling in March 2023 for nearly $20 million. The Bears Club offers luxurious amenities, including a clubhouse with fine dining options, a fitness center, and tennis facilities.