Michael Jordan’s Mansion Sold For $9.5 Million After More Than A Dozen Years On Market

HIGHLAND PARK, IL — Nearly 13 years after Michael Jordan first listed his massive north suburban estate the NBA Hall of Famer sold his Highland Park mansion this week for $9.5 million.

The sale, which closed Tuesday, marks the end of one of the longest-lived luxury listings in Illinois. Its new owner has yet to be identified.

Originally listed for $29 million in February 2012, the final sale price came in at less than one-third of the amount Jordan initially asked for the house at 2700 Point Drive.

By May 2015, the property had been reduced to $14.855 million, a figure chosen for its connection to Jordan’s iconic jersey number 23.

Despite a series of marketing promotions and publicity efforts, it would be more than nine additional years before the former Chicago Bull accepted an offer in September.

Spanning more than 7 acres, the property boasts a litany of luxuries along with various reminders of the basketball star’s monumental career and lifestyle.

"NBA Superstar Michael Jordan's seven-acre estate is as legendary as His Airness himself," according to its listing.

"The 56,000 square foot property-equipped with every conceivable luxury amenity-is a physical monument to his tireless dedication and hard work," it said.

It includes an indoor basketball gym, a circular infinity pool, a putting green, a cigar room and garage space for 14 cars.

Evergreen trees strategically planted along the edge of the property provide privacy from the adjacent Heller Nature Center.

Jordan had the home custom-built in the early 1990s as he led the Chicago Bulls to their six NBA championships.

He and his then-wife, Juanita Vanoy, raised their family there before divorcing in 2006.

Jordan retained ownership of the house, which remained a fixture in local real estate headlines as the price lingered well above market value for over a decade.

The estate’s sale price sets a record in Highland Park for a non-lakefront property, according to Crain's Chicago Business.

While area homes on Lake Michigan commanded significantly higher prices, Jordan’s mansion commanded a sales price nearly twice the all-time record for a house west of the lake.

Over the years, various marketing stunts sought to attract buyers. Video tours highlighted the home's many signature features. At one point, a real estate agent promised a full set of Air Jordan sneakers to the eventual buyer.

Jordan, whose net worth is estimated to be more than $3.5 billion, is unlikely to feel the financial impact of the discounted sale.

Earlier: Michael Jordan’s Iconic Highland Park Mansion Under Contract After 12 Years On Market