After 12 years of being in the market Michael Jordan mansion Highland Park Finally Under Contract. The buyer is undisclosed however this calls for Jordan sealing the deal that has been long awaited.
Sealing a long Awaited Deal
The Michael Jordan mansion Highland Park is a 32,683-square-foot home in Chicago, Illinois. According to The Athletic it was just this Sunday the house went under agreement.
It was in 2015 that MJ put his house on the list for over $14.855 million. Initially his original asking price was $29 million in 2012. The final price remains undisclosed to the public as per yet.
During 2015 there was a final price cut for the Michael Jordan mansion Highland Park which was standing at $14.855 million.
In 2022 Jordan’s listing agent Katherine Malkin refusing to comment on the buyer status of the house stated public they have a few buyer interests on-going. Although we did not see any deal taking place during 2022 and 2023. Presently there is a buyer that will be signing the dotted line.
What does the Mansion have?
The Michael Jordan mansion Highland Park was built during 1995. It consist of 15 full bathrooms, 4 half bathrooms, a basketball gym of regular size, an infinity pool circular in shape and a cigar room. The home equates to 56,000 square feet bordering a forest preserve.
One of the main reasons MJ struggled to seal a contract with any potential buyer has to do with any buyer having to pay a large amount of property tax. The According to the Lake County records as per 2023, the estate has a $137,208 property tax bill. That’s a hefty tax bill to pay!
Conclusion
The property is finally under contract after a long waiting period of 12 years. However, the buyer will be subject to a large property tax throughout. The name of the buyer and the final price remains undisclosed to the public.
Key Points
- Michael Jordan’s Highland Park mansion, listed since 2012, is finally under contract, with the buyer undisclosed.
- The 32,683-square-foot mansion features 15 full bathrooms, a basketball gym, an infinity pool, and a cigar room.
- A major obstacle for selling the property has been its hefty $137,208 annual property tax.
