After 12 years on the market, Michael Jordan’s Chicago mansion appears to have found a buyer. TMZ reports that the Highland Park estate is now listed as “contingent,” meaning a deal is in place with conditions to be met.
The mansion’s last listed price was $14.855 million, which marks a significant reduction from the initial $29 million asking price in 2012, according to Daily Mail. The unidentified buyer of Jordan’s Chicago mansion has secured a massive 56,000-square-foot home.
The estate features nine bedrooms, 19 bathrooms, a cigar room, a library, an indoor gym, a circular infinity pool, a basketball court, a tennis court, and an iconic front gate adorned with the number 23.
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The current condition of Jordan’s Chicago mansion is unclear after a months-old TikTok clip surfaced, showing the house in complete disarray. The footage appears to depict the abandoned property in a state of neglect.
The video, recorded by an “urban explorer” and posted on TikTok in January, shows what appears to be Jordan’s private indoor basketball court flooded and one of his kitchens appearing to be disassembled.
Despite representatives for Jordan denying it is his house, the video, recorded about nine months ago, is now gaining traction across social media.
“It’s clearly his home,” Bruce Bowers of the Bowers Realty Group told SportBible. “It’s a tough sell. There’s a lot of work that would have to be done to make it your own.”
In retirement, Jordan has primarily resided in his native North Carolina. He was recently spotted spending the summer with his wife, Cuban-American model Yvette Prieto, aboard a yacht in the Mediterranean.
Jordan ended his 13-year tenure as the Charlotte Hornets owner by selling his majority stake to a group led by Rick Schnall and Gabe Plotkin in August 2023.
The sale of Jordan’s majority stake in the Charlotte Hornets to Schnall and Plotkin was valued at $3 billion, representing a massive profit for Jordan, who bought the team for $275 million in 2010. Although he remains a minority owner, the sale has propelled Jordan into Forbes’ 400 list of the wealthiest Americans.
His net worth is now estimated to exceed $3 billion, making him the first athlete to join this exclusive club.
Jordan remains the wealthiest athlete in history, thanks to his legendary NBA career and lucrative commercial deals, particularly with Nike through the Jordan brand. His most recent annual royalty check from Nike reportedly totaled around $260 million.
Almost every item from Jordan is grabbed quickly, including his jerseys but the delay in the sale of his Chicago mansion shows that he doesn’t always have the Midas touch. Experts blamed the delay on the mansion’s interior (everything in there about Jordan), the price, and security concerns (the mansion attracts fans).
