After being on the market for 12 years, the property was acquired for an impressive sum. It has 2,973 square meters, nine bedrooms, 15 full bathrooms, among other amenities.
The historical mansion of Michael Jordan in Highland Park, Illinois, It was put up for sale again by US$14.8 millionafter 12 years on the market.
The property, which was originally listed in 2012 for US$29 millionhas seen its price reduced several times, reaching US$21 million in 2013 and US$16 million later. Although the final sale price has not been disclosed, the agent real estate agent Katherine Malkin of Compass Realty confirmed the transaction.
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What is the mansion that Michael Jordan sold?
Built in 1995 and situated on a private plot of almost three hectares, the mansion encompasses 2,973 square meters and has nine bedrooms, 15 full bathrooms, and four half bathrooms.
Its luxurious amenities include a professional basketball court, a movie theater, a gym, a cigar room and a game room. It also has a circular swimming pool, a golf course and a tennis court.
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Despite its luxury, the mansion had a difficult time selling, mainly due to its location, which lacks direct access to a lake, something that many luxury home buyers in the region value.
Besides, Jordan invested around US$50 million in repairs and paid more than a million in taxes since he began selling it.
Last year, Jordan sold a condominium in Chicago by US$6.82 millionsuggesting that despite the challenges, he is still moving in the real estate market. His net worth is estimated at US$3.2 billionreflecting his success in both basketball and his investments.
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Source: Ambito
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