Why Michael Jordan can’t sell his abandoned mansion which has been on the market for over 11 years

Why Michael Jordan can't sell his abandoned mansion which has been on the market for over 11 years

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Michael Jordan has been unable to sell his incredible mansion priced at $14.85 million despite it being on the market for 11 years.

Jordan built the mansion, which is located in Highland Park, Chicago, in 1995. In 2012, he listed it for sale for an eye-watering $29 million.

Since then, he has listed and relisted the mansion several times, and has lowered the price substantially to $14.85 million. However, the NBA legend still can’t sell the property.

As per ESPN, the property has ‘nine bedrooms, 15 full bathrooms, a pool pavilion and a regulation-size indoor basketball court’ as well as ‘a library, wet bar and the original doors from the Playboy mansion in Chicago’.

On arrival at the property, there is a huge front gate with Jordan’s number 23 welded onto it, while there is also a massive 14-car garage and a total of 15 full baths.

And if that wasn’t enough, there is also a circular infinity pool with a bridge and an island made out of grass, a putting green, tennis card and card room.

It has been claimed that the reason behind the failure to sell the house is down to the level of customisation within the mansion.

Bruce Bowers of Bowers Realty Group said: “It’s clearly his home.

“It’s a tough sell. There’s a lot of work that would have to be done to make it your own.”

Gail Lissner, who is a managing director of Integra Realty Resources, told Business Insider in 2019: “Any time you have these homes that are just kind of gross over-improvements for the area, they do lead to very, very lengthy marketing times.

“It’s located in an area that is much more modest.”

And Compass’ broker associate Katherine Malkin told the same outlet: “It’s a unique home that’s set up like [accessible] pods, thoughtfully laid out as a main house (with kitchen, dining room and bedrooms), a home office, recreational area, guest house and a sports pavilion.

“This would be a great for a very large family, especially during this pandemic. It’s like a resort on its own. It has everything anyone would ever need.”

So far, though, there have been no takers.