Michael Jordan's Chicago Mansion Sells for $20 Million

Former NBA Star's Extravagant Estate Finds New Owner

Sale Marks a Significant Discount from Original Asking Price

Michael Jordan's former Chicago mansion has sold for $20 million, according to Crain's Chicago Business. The sale price is significantly lower than the original asking price of $29 million, which the property was listed for in 2021.

The 56,000-square-foot mansion was built in 1995 and is located in the prestigious Highland Park neighborhood. It features nine bedrooms, 15 bathrooms, a tennis court, a basketball court, a putting green, and a swimming pool. Jordan purchased the home in 1991 for $2.5 million and lived there until 1993.

The sale of the mansion marks the end of an era for Jordan in Chicago. The former NBA star, who led the Chicago Bulls to six championships, has long been associated with the city. However, Jordan has spent less time in Chicago in recent years, and he has expressed a desire to sell the mansion.

Lavish Amenities and Architectural Details

Jordan's former mansion is known for its extravagant amenities and architectural details. The home features a two-story foyer with a grand staircase, a formal dining room with a fireplace, and a living room with a wet bar. The kitchen is equipped with top-of-the-line appliances and a large center island.

The home also has a large family room with a fireplace and a built-in entertainment center. There is also a library, a game room, and a wine cellar. The master suite includes a bedroom, a sitting room, a dressing room, and a bathroom with a whirlpool tub and a separate shower.

The exterior of the mansion is equally impressive. The home is situated on a private, gated lot with a long driveway. The grounds include a tennis court, a basketball court, a putting green, and a swimming pool. There is also a detached garage with space for four cars.

Significant Price Reduction

The sale of Jordan's former mansion for $20 million marks a significant discount from the original asking price of $29 million. The price reduction is likely due to the fact that the home has been on the market for several years.

However, the sale price is still well above the $2.5 million that Jordan paid for the home in 1991. The sale is a testament to the enduring legacy of Jordan and the value of his real estate portfolio.

Additional Insights and Analysis

* The mansion was originally listed for sale in 2021 for $29 million. * The home was built in 1995 and is located in the prestigious Highland Park neighborhood. * The mansion features nine bedrooms, 15 bathrooms, a tennis court, a basketball court, a putting green, and a swimming pool. * Jordan purchased the home in 1991 for $2.5 million and lived there until 1993. * The sale of the mansion marks the end of an era for Jordan in Chicago.