After 12 years on the market and cutting the original asking price in half, Michael Jordan has reportedly found a buyer for his Chicago-area mansion.
The basketball star’s 56,000 square foot property was recently acquired by an undisclosed buyer for a paltry sum of US$14.8 million (approximately CAN$20 million).
Michael Jordan in an episode of the series The Last Dance.
Quebec Journal
The asking price hasn’t changed in nearly a decade.
According to TMZ, the land sale is now listed as “conditional”; Conditions remain to be met before the sale becomes final.
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“I can confirm that the property is under contract,” said real estate agent Katherine Malkin Patch.com. “I don’t have a confirmed date. »
Located in Highland Park, near Chicago, Illinois, the custom-built mansion has nine bedrooms, 19 bathrooms, a cigarette lounge, library, gym, swimming pool, tennis court and basketball grounds.
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Unique home reference details Michael Jordan’s career, such as the front door emblazoned with the number 23, outdoor putting greens with the Nike Jumpman logo and a marquee-like home theater.
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Michael Jordan’s real estate team reportedly considered these custom finishes part of the selling point.
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The home, which was built in 1995 when Jordan played for the Chicago Bulls, was last put on the market in 2015 for US$14.855 million.
The property was first listed on the registry in 2012 for a whopping $29 million before the price dropped three years later.
Potential buyers are required to sign nondisclosure agreements when they view the property, according to a report from the Wall Street Journal.
The buyer has not been disclosed as of this afternoon, according to TMZ.