NBA Hall of Famer and Chicago Bulls legend Michael Jordan is finally selling his nine-bedroom, 19.5-bath mansion in Highland Park, Illinois, for $14.855 million, according to Realtor.com.
After sitting on the market for 12 years, the 56,000-square-foot estate is currently listed as foreclosed. This means that the prospective buyer and Jordan have an agreement, but it is subject to several conditions being met.
The six-time NBA champion originally sold the mansion in 2012 for $29 million. However, he dropped that amount to $16 million one year later.
In 2015, the list price dropped to $14.855 million, in honor of Jordan’s jersey number 23. If added, one, four, eight, five, five total 23. The price has been around $15 million as of 2015.
Built in 1995, this mansion has gate no. The seven-acre property also has a circular infinity pool, a green area, and a tennis court.
According to TMZ Sports, this home was featured in Travis Scott’s “FRANCHISE” music video.
Michael Jordan paid $137,208 in property taxes on his Highland Park mansion for the 2023 tax year.
Assuming the buyer can afford the home, the person will be paying unreasonable property taxes. Lake County records show the estate had a property tax bill of $137,208 for the 2023 tax year.
The Lake County assessor assigns a value of $4.94 million to the Jordan property. This means that if a buyer pays at least $10 million for a mansion, the homeowner can expect the current annual property tax rate to double.
His Airness has several properties. Jordan owns a five-bedroom, 9,100-square-foot home in Jupiter, Florida, which he bought in March for $17 million. He also owns a 26,299-square-foot mansion in Jupiter that he bought for $5.3 million in 2015.
Additionally, Michael Jordan paid $3.148 million in 2010 for two high-rise apartments in a condominium building in downtown Charlotte, North Carolina.
The Bulls veteran also owns a six-bedroom, 12,310-square-foot mansion in Cornelius, North Carolina, which he bought in 2013 for $2.8 million.
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