Michael Jordan is widely accepted as the greatest athlete in the history of basketball. Not only that, he’s also one of the wealthiest athletes to ever walk on the earth’s surface. A bona fide billionaire, Michael Jordan owns multiple properties and expensive commodities.
However, money comes with its own set of problems. And as it turns out, His Airness is no stranger to such problems. In fact, the six-time world champion owns several properties throughout the country.
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However, his Highland Park residence in Chicago has been causing him a lot of problems for some time now. In other words, the Bulls legend has been trying to sell the property for a long time now. But without any significant success.
Michael Jordan offered every Jordan sneaker in the market to sell his house
As it turns out, Michael Jordan offered every edition of Jordan sneakers in the market at the buyer’s size as an incentive to sell his Highland Park property. But the offer generated no significant interest.
Instead, the five-time MVP is losing money to upkeep the property. In fact, Jordan has paid over $1.3 million in property taxes for the house. Moreover, there’s the added cost of maintenance and renovations.
In 1991, the former Bulls shooting guard bought about seven acres of land in suburban Illinois, about 27 miles from Chicago, for $2 million. Over the next four years, he erected a mansion of 32,700 square feet on the property.
The contemporary-styled mansion consists of all the modern amenities imaginable, including a home theatre, a full-sized gym, an NBA-sized basketball court, a wine cellar, and even a cigar room. The fully furnished house has three levels with nine bedrooms and 19 bathrooms.
Moreover, it also houses an infinity pool with an island in the middle. Other attractions include cozy fireplaces, a skylight, a pool room, and a dining table designed on the city of Baghdad.
Jordan’s difficulties in selling the property
According to experts, Michael Jordan is facing problems selling the property because of its highly personalized style. Moreover, its price is exponentially higher than the average house in the neighborhood.
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In fact, the property’s asking price in 2012 was around $29 million. In just one year, the listing price fell by over $13 million. Presently, it’s $14,885,000.
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However, the house has still seen no uptick in potential buyers.