At the end of February, retired Chicago Bulls legend Michael Jordan’s 32,683-square-foot Legend Point mansion in Highland Park will mark a rare distinction: It will celebrate 10 years of being for sale.
Although His Airness’ listing price today of $14.85 million is almost exactly half of the $29 million amount that he once had sought for the nine-bedroom mansion and its 7.37-acre property, he still has found no takers. And he has clung to his current $14.85 million asking price now for almost seven years.
Now, however, the listing agent for the property since Jordan first listed it in 2012, Katherine Malkin of Compass, told Elite Street in an interview that “we actually have quite a bit of (buyer) interest in it right now.”
“I’m not sure if it’s because of the TV programs that they did (the 2020 “The Last Dance” documentary miniseries on Netflix) or if it’s because people have an interest in looking at it a little bit differently, but suddenly there does appear to be a bit of interest in it,” she said.
Malkin noted that some interested buyers of late have suggested subdividing the property, which isn’t necessarily easy given that its shape is like a “flag lot,” in which a narrow driveway, or the “flagpole,” extends north to the rest of the property.
“It’s a beautiful property, and I think nobody understands how beautiful it is because we don’t do it as an open house because there’s a privacy concern,” Malkin said. “It’s not until people are inside that they really appreciate it. And not everybody qualifies financially (to view the home).”
Built in 1995, the contemporary-style mansion has 15 full bathrooms, 4 half bathrooms, a regulation-sized basketball gymnasium, a circular infinity pool and a cigar room. The property has 56,000 square feet of living space in total, including the basement and the garage with space for 15 cars, while outside on the grounds are a tennis court and a putting green.
Malkin noted that the property is adjacent to a forest preserve, making it more secluded and expansive.
Jordan first listed the mansion at the start of March 2012 for $29 million, and then cut his asking price in early 2013 to $21 million. He reduced his asking price further to $16 million at the end of 2013.
A late 2013 auction was not a success, when buyers who were willing to pay at least the $13 million reserve price for the estate failed to materialize. Finally, in May 2015, he made his final price cut — to $14.855 million. He chose that asking price because the digits add up to his playing-career uniform number of 23.
The estate had a $132,014 property tax bill in the 2020 tax year. The local tax assessor assigns a market value of $4.77 million to the property.
Today, Jordan owns an 11-bedroom, 28,000-square-foot, $12.4 million mansion on 3 acres in Jupiter, Fla. He also paid $3.14 million in 2010 for the two top-floor penthouses in a condominium in downtown Charlotte, N.C., just two blocks from the arena where the NBA team he owns, the Hornets, plays. And he owns a six-bedroom, 12,310-square-foot mansion in Cornelius, N.C., which he purchased in 2013 for $2.8 million. And although it received no coverage at the time, Jordan sold a five-bedroom, 9,574-square-foot house near the Glenwild golf course in Park City, Utah, in December 2020 to a buyer from the Seattle area for an undisclosed price after that home had been listed for $7.5 million.
Bob Goldsborough is a freelance writer.
An earlier version of this story misidentified the Charlotte NBA team Michael Jordan owns.
Join our Chicago Dream Homes Facebook group for more luxury listings and real estate news.