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Key Points
- Michael Jordan's Highland Park mansion sold for $9.5 million after 12 years on the market.
- The estate features a basketball court, tennis court, and a gate with the number "23."
- Jordan's business ventures include the Jordan Brand and ownership of the Charlotte Hornets.
After more than a decade of price reductions and unsuccessful attempts, NBA legend Michael Jordan has sold his iconic Highland Park mansion for $9.5 million, well below its original $29 million asking price.
A glimpse into Michael Jordan's luxurious lifestyle
Michael Jordan, widely regarded as the greatest basketball player of all time, has successfully transitioned from sports icon to business mogul. Beyond his legendary career, Jordan has built an extensive and profitable business portfolio. His most notable venture is the Jordan Brand under Nike, which generates over $3 billion in annual revenue. In 2010, he became the majority owner of the NBA’s Charlotte Hornets, purchasing the team for an estimated $275 million. Additionally, his investments in the luxury tequila brand Cincoro and other ventures have contributed to his impressive net worth, estimated at $3.5 billion.
The sale of the Highland Park mansion
Jordan’s 56,000-square-foot Highland Park mansion, built in 1995, epitomizes his lavish lifestyle. Set on seven acres, the estate boasts nine bedrooms, 19 bathrooms, a regulation-sized basketball court, a tennis court, a putting green, and a swimming pool. The front gate is adorned with Jordan’s iconic number "23," further personalizing the property.
Listed in 2012 for $29 million, the mansion saw a series of price reductions over the years as it remained unsold for 12 years. In 2015, the price was adjusted to $14.855 million, a figure that cleverly added up to 23—symbolic of Jordan's famous jersey number. Despite its extensive amenities and celebrity ownership, the property struggled to find a buyer until finally selling for $9.5 million, significantly lower than the original listing price.
The buyer's identity has not been disclosed, and it is unclear whether the new owner plans to live in the mansion or repurpose the estate. This sale marks the end of a lengthy chapter in Jordan's real estate portfolio and highlights the challenges of selling personalized luxury homes, even those owned by the world’s most famous athletes.
