Take a tour of Michael Jordan's Chicago mansion that's been on the market for 10 years and see why he can't sell it

Take a tour of Michael Jordan's Chicago mansion that's been on the market for 10 years and see why he can't sell it
·8 min read
Michael Jordan house
Jordan's estate has been on the market since 2012.Concierge Auctions; Stephan Savoia/AP
  • Michael Jordan's enormous house in the Chicago suburbs is still on the market after 10 years.

  • He's cut the price nearly in half and tried various ways to sweeten the deal — like Air Jordans.

  • See the house and why it hasn't found a buyer. Most images are from footage by Concierge Auctions.

Tony Manfred contributed to this post.

Michael Jordan's 56,000-square-foot, 7-acre compound in Highland Park, Illinois, looks massive even from the air.

Michael Jordan House
Concierge Auctions

Anyone who approaches from the ground can tell right away that this estate belongs to the legendary No. 23, Michael Jordan — and that might be what's keeping it from selling. "It's clearly his home," said Bruce Bowers of Bowers Realty Group, adding: "There's a lot of work that would have to be done to make it your own."

Michael Jordan House
Zillow

Source: Business Insider

The price on the house has dropped several times and is now going for $14.9 million, or about $265 a square foot — that's a far cry from the original price of $517 a square foot. The exact price is $14,855,000, and the numbers in that price add up to 23 — Jordan's basketball jersey number.

Michael Jordan House
Concierge Auctions

The long drive from the gate and the full-grown trees ensure that the house has privacy.

Michael Jordan House
Concierge Auctions

Jordan had the house — and the surrounding property — built from scratch to his personal tastes.

Michael Jordan House
Concierge Auctions

The outdoor space proves to be spectacular. There's a tennis court ...

Michael Jordan House
Concierge Auctions

... an infinity pool with a grass island in the middle ...

Michael Jordan House
Concierge Auctions

... which lies in the center of a large patio ...

Michael Jordan House
Concierge Auctions

... and down on the lawn there's a putting green.

Michael Jordan House
Concierge Auctions

The putting green is complete with Jordan Brand flag sticks.

Michael Jordan House
Concierge Auctions

There's also a pond stocked with fish.

Michael Jordan House
Concierge Auctions

While the outdoor space is sprawling and undoubtedly impressive ...

Michael Jordan House
Concierge Auctions

... the inside is equally spectacular. When guests first walk in the front door, they are greeted by this view, which includes a piano in the background.

Michael Jordan House
Concierge Auctions

The piano room doubles as one of many sitting rooms in the house.

Michael Jordan House
Concierge Auctions

And here's a look at another sitting area dubbed the "great room" — this isn't the only great room around the house, though.

Michael Jordan House
Concierge Auctions

Jordan's luxurious taste even shows itself in details like doorways. The set of doors seen below are from the original Playboy Mansion in Chicago.

Michael Jordan House
Concierge Auctions

They lead to a game room with a pool table.

Michael Jordan House
Concierge Auctions

Of course, since this is the former home of Michael Jordan, there is a full-court basketball court. It's the centerpiece of the house.

Michael Jordan House
Concierge Auctions

The court has the legend's name at both ends ...

Michael Jordan House
Concierge Auctions

... and the Jumpman logo at center court, which includes the names of his children — his daughter's name is out of view.

Michael Jordan House
Concierge Auctions

While guests wait for their turn on the court, they can hang out in this sitting area.

Michael Jordan House
Concierge Auctions

Moving along to the dining room, guests were able to eat at this "Baghdad table."

Michael Jordan House
Concierge Auctions

That grid seen on the tabletop is based on the streets of Baghdad.

Michael Jordan House
Concierge Auctions

Detailed eating areas are somewhat of a theme. Here we can see a beautiful skylight positioned perfectly over the kitchen table.

Michael Jordan House
Concierge Auctions

In one of the dining areas just off the kitchen, there is a large aquarium built into the wall.

Michael Jordan House
Concierge Auctions

The house has nine bedrooms ...

Michael Jordan House
Concierge Auctions

... and 19 bathrooms. Nineteen!

Michael Jordan House
Concierge Auctions

There is also a cigar room, which has been decorated intricately with a detailed ceiling.

Michael Jordan House
Concierge Auctions

Even the railing in the cigar room is ornate.

Michael Jordan House
Concierge Auctions

The cigar room also has plenty of card tables where we're guessing Jordan played some high-stakes poker games — he is known for his love of gambling, after all.

Michael Jordan House
Zillow

The home also features a full gym.

Michael Jordan House
Concierge Auctions

Jordan's Bulls teammates used to work out there every morning, according to an interview shared by Concierge Auctions.

Michael Jordan House
Concierge Auctions

Another luxurious part of Jordan's estate is the expansive wine cellar.

Michael Jordan House
Concierge Auctions

The library upstairs was said to be Jordan's favorite room. It features a drop-down movie screen.

Michael Jordan House
Concierge Auctions

Between the house and the patio, there's another TV room with a 110-inch screen.

Michael Jordan House
Concierge Auctions

This area used to be an indoor pool. Jordan renovated it after he moved in and added sliding walls to both sides that can make the gathering room either indoor or outdoor depending on the mood and the weather.

Michael Jordan House
Concierge Auctions

There are plenty of media rooms throughout the house. Even the seemingly random nooks like this one below have TVs.

Michael Jordan House
Concierge Auctions

The property also boasts a three-bedroom guest house ...

Michael Jordan House
Concierge Auctions

... which has its own family room and kitchen.

Michael Jordan House
Concierge Auctions

Jordan lived in the main house for 19 years.

Michael Jordan House
Concierge Auctions

The house comes furnished, though some of the pieces may be a tad dated.

Michael Jordan House
Concierge Auctions

Despite how awesome the house seems, it's been on the market since 2012. Jordan tried to auction the house in 2013, but the minimum bid of $13 million was never met.

Michael Jordan House
Zillow

Jordan said, "Many of the world's most desirable items are sold at auction, and Concierge Auctions is the hands-down leader when it comes to auctioning one-of-a-kind real estate."

Michael Jordan House
Concierge Auctions

Jordan's estate remained unsold despite attempts to get creative, including marketing to wealthy people in basketball-crazed China.

Michael Jordan House
Concierge Auctions

Source: Maxim

In 2015, the agent working to sell the house at the time promised that the buyer would also receive every edition of Air Jordans in his or her size — but that didn't work either.

Michael Jordan House
Nicholas Hunt/Getty Images for Tribeca Film Festival

Source: Maxim

Adam Rosenfeld, of the luxury-real-estate startup Mercer Vine, told Marketwatch in 2016 that Jordan was probably struggling to sell the house because of all of the personalized customizations.

Michael Jordan House
Concierge Auctions

Source: Marketwatch

Rosenfeld said the house also just wasn't in an area where wealthy celebs were looking for houses. Gail Lissner of Integra Realty Resources called the area "much more modest" than what Jordan's property suggests.

Michael Jordan House
Zillow

Source: MarketwatchBusiness Insider

There is no need to worry about the house rotting while remaining unsold, though. The house is still occupied by staff members whom Jordan employed to keep it looking fresh.

Michael Jordan House
Concierge Auctions

Source: The Real Deal

Jordan is still paying a lot in property taxes. The annual bill is more than $130,000, and Zillow estimates that he has paid over $2.5 million in property taxes since he put it on the market in 2012.

Michael Jordan House
Zillow

One problem is that Jordan may feel his celebrity status adds value to the house, but, according to Stephen Shapiro of the Westside Estate Agency, people don't pay more for a house just because somebody famous owned it.

Michael Jordan House
Chuck Burton/AP

Source: The Real Deal

"But you know who tends to think a property is worth more because a celebrity lived there?" Shapiro said. "The celebrity trying to sell it."

Michael Jordan House
Concierge Auctions

Source: The Real Deal

Another issue is the location. Most of the homes in this price range in this area are closer to Lake Michigan, a few miles east of Jordan's former house. "Buyers at that level in that area tend to want to be closer to the lake," Missy Jerfita of Berkshire Hathaway HomesServices told The Real Deal.

Michael Jordan House
Concierge Auctions

Source: The Real Deal

Since Jordan put his Chicago home on the market, he has since purchased a lakefront house in North Carolina in a golf-course community.

Michael Jordan House
Zillow

The house is in Cornelius, about a 30-minute drive from the Charlotte Hornets' arena — Jordan owns the NBA team. MJ purchased the house for $2.8 million after it was originally listed for $4 million.

Michael Jordan House
Zillow

Source: Fox Sports

Jordan also reportedly bought a house on a golf course in Jupiter, Florida, for $4.8 million in 2013 and spent $7.6 million on renovations.

Michael Jordan House
Zillow

Source: Jeff Realty

He also owns a condo in downtown Charlotte, in the same building as Cam Newton. The condos reportedly go for between $1.5 million and $3.5 million.

Michael Jordan House
YouTube

Source: Charlotte Agenda

Most recently, Jordan listed his 10,000-square-foot home in Park City, Utah, for $7.5 million. Experts think it will probably sell faster than the Chicago compound.

Michael Jordan House
Isaac Brekken/Getty Images

Source: ForbesBusiness Insider

He continues to wait for a buyer for the Chicago-area home. Of course, he is estimated to be worth $1.9 billion, so he can afford to wait for the right owner to come along on his old Chicago digs.

Michael Jordan House
Jordan Brand/Getty Images

Read the original article on Insider