Michael Jordan sells his Highland Park mansion at steep discount after 12 years on the market

CHICAGO, ILLINOIS: Michael Jordan's 32,000-square-foot mansion in Highland Park, Illinois, has finally sold after lingering on the market for over 10 years.

Initially listed for $29 million, the property closed for $9.5 million, a dramatic 67% reduction, according to Daily Mail.

Inside Michael Jordan's Highland Park mansion

The iconic estate, located in Chicago’s northern suburbs near Lake Michigan, boasts nine bedrooms, 19 bathrooms, a cigar room, a library, a circular infinity pool, a basketball court, a tennis court, and a front gate marked with Michael Jordan’s iconic number 23.

Michael Jordan's retirement shift and new ventures

Michael Jordan, 61, has spent much of his retirement in his home state of North Carolina, although he was spotted this past summer vacationing in the Mediterranean with his wife, Cuban-American model Yvette Prieto.

The sale of his Illinois mansion comes on the heels of another major financial milestone.

In August 2023, Jordan sold his majority stake in the Charlotte Hornets for a staggering $3 billion.

This marked a massive profit compared to the $275 million he paid for the franchise in 2010. Jordan remains a minority owner of the team.

Michael Jordan breaks financial records

Michael Jordan’s financial success extends far beyond basketball.

With his net worth now exceeding $3 billion, he became the first athlete to join the Forbes 400, a list of the wealthiest Americans.

His partnership with Nike, centered around the Jordan Brand, continues to be a major source of income, with annual royalty checks reportedly reaching $260 million.

Michael Jordan's luxury spending on jets, cars, and more

Michael Jordan’s wealth allows him to indulge in extraordinary luxuries.

Two months ago, he purchased a $70 million Gulfstream 650ER private jet, customized with a silver-and-black paint job inspired by his signature Air Jordan sneakers.

The design includes his Jumpman logo and a tail number, N236M, which references his iconic jersey number, 23, six NBA championships, and his initials.

The jet, capable of speeds up to 0.925 Mach, accommodates 19 passengers and features beige leather recliners, a dining area, and a fully stocked LED-lit bar.

Earlier this year, Jordan also spent $2 million on a rare Italian sports car, adding to his growing collection of luxury items.

Internet surprised to find Michael Jordan's mansion on sale after a decade

As Michael Jordan's Highland Park mansion is now sold after 12 years, netizens expressed their surprise at why it took a long time for the Hall of Famer to find a buyer.

One user on X wrote, "I guess you could say his house was "flying high" on the market... but it finally came back down to earth!" and another tweeted, "12 years on the market?? Dude is the goat of holding out."

"What did more than a decade of maintenance cost on that thing?" a netizen commented, while someone remarked, "Why the hell did it take Michael Jordan 12 YEARS to sell his 56,000-square-foot mansion for HALF the price???"

"Remodeling 19 bathrooms? That’s a tear down for a new development," an individual penned, and another opined,"Rather than clearancing it earlier, Paying taxes and maintenance for 13 years is probably the stupidest thing MJ ever did."

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