The legendary Chicago Bulls basketball player’s old $14.9 million house has been up for sale for ten years without a buyer.Despite the fact that the former basketball star has lowered the asking price by half, Michael Jordan’s enormous Chicago property has been up for sale since 2012 and is now unattainable. There are even rumors that Michael Jordan provided customers with an entire pair of Air Jordans. Still, the home has been listed for sale for a long time.

Michael Jordan’s giant Chicago mansion has been on the market since 2012 but still cannot be sold even though the former basketball superstar has cut the price in half. There is even information that Michael Jordan also gave buyers a complete set of Air Jordans. However, this property has remained on the market for many years.

Michael Jordan has been trying to sell his Chicago mansion since 2012.

So is this luxurious house of over 5,202 m2 with full amenities difficult to find a buyer? We will discover the real reason together.

The mansion is too “Michael Jordan”

Anyone who approaches the land can immediately know that this land belongs to basketball legend Michael Jordan, who is known for wearing the number 23 shirt on the football field. Jordan’s colors cover the house down to the smallest details. That is why this real estate becomes difficult to sell. “It was clearly his house,” said Bruce Bowers of Bowers Realty Group. There’s a lot of work to do to make it your own.”

Unless buyers want a piece of NBA history, they will have to invest in significant renovations to this Michael Jordan-dedicated estate.

The price of the house has dropped several times and is currently on the market for $14.9 million. Previously, the house was initially listed for $29 million.

The villa is overwhelmed by its outdoor space. The long path from the gate to the villa is surrounded by tall trees to ensure the house has complete privacy. The house has an infinity pool, a large lawn for golfing, etc. Michael Jordan’s Chicago mansion has a large plot of land including a fishing pond and tennis court. Because this is Michael Jordan’s old home, there is a standard basketball court. Some of Jordan’s Chicago Bulls teammates practiced here.

Michael Jordan’s Chicago mansion has large grounds that include a fishing pond and tennis court.

Boring interior

MJ has lived in the main house for more than 19 years, so although it is fully furnished, some of it has become outdated. The house has 9 spacious bedrooms decorated in many different styles. But perhaps the most astonishing fact about this mansion is that it has 19 bathrooms – 15 of which are large.

The upstairs library is said to be MJ’s favorite room. In addition to housing his book collection, it also has a large screen to easily convert into a movie theater. This villa, in addition to the main house, also has a 3-bedroom guest house, family room and separate kitchen.

Indoor basketball court.

Not located in an area popular with celebrities

Another issue is the location of the property. Adam Rosenfeld from luxury real estate firm Mercer Vine points out that the house is not in an area where wealthy celebrities are looking to buy. Gail Lissner of Integra Realty Resources called the surrounding area “far more modest” than what Jordan’s property suggests.

The neighborhood surrounding Michael Jordan’s mansion is said to be much more modest than his home.

Offered many times but no one bought

According to Market Watch, Jordan initially listed the property for $29 million in 2012. He then attempted to auction the house in 2013, but the $13 million minimum bid was not met. The property remains unsold despite creative efforts, including marketing to wealthy basketball-mad China.

Buyers are greeted by stunning views upon entering Michael Jordan’s mansion

In 2015, the house’s selling agent at the time offered that the buyer would also receive every Air Jordan version ever made, but that also didn’t pan out.

Michael Jordan still has to pay more than $100,000 in estate taxes

However, Jordan still has to pay a small fortune in real estate taxes. The annual bill is more than $130,000, and Zillow estimates that the basketball legend has paid more than $2.5 million in property taxes since putting it up for sale in 2012. The mansion, while not yet for sale, is still available for sale. MJ hired a caregiver.

Michael Jordan’s entire residence has been decorated in neutral tones of brown, beige and cream and has been well maintained.

Since Jordan put his Chicago home on the market, he bought a North Carolina lake house in a golf course complex for $2.8 million. With an estimated total assets of up to 1.7 billion USD, Michael Jordan is still not in a hurry and can afford to wait for the right owner of this famous mansion.