Why is Michael Jordan’s house still for sale after 12 years? Is it too expensive?

The Netflix/ESPN collaboration documentary The Last Dance, the famous and sometimes controversial miniseries that took an in-depth look at the Chicago Bulls dynasty through the prism of the final championship season in 1997-98, had many unforgettable moments.

Fans who believed they saw peeks of Michael Jordan’s home during his interviews for The Last Dance were incorrect.

June gateway her michael jordan house ocean bottleneck persuade Dictatorship

The basketball icon, known for his seclusion, did not welcome the camera team (or the show’s viewers) into his own house, instead recording his interview in three different locales, each more extravagant than the last.

Nonetheless, if you noticed the opulent homes in which Michael Jordan was filmed and assumed they were rooms in his actual home, know that the real thing is far more spectacular.

Michael Jordan's House Is Still On The Market, 10 Years, 49% OFF

And we know for a fact that Michael Jordan’s mansion outside of Chicago — frequently mentioned in the miniseries, notably as the home court for Jordan’s Breakfast Club pre-practice workout — is for sale, with Katherine Malkin of Compass handling the listing.

Michael Jordan’s house has been on the market for well over a decade

Michael Jordan has lived in the mansion and on the 7-acre land it stands on since 1991 when he won his first of six NBA titles with the Chicago Bulls.

Inside Michael Jordan's 'unsellable' mansion: the Chicago Bulls legend's  US$14.9 million former home has been on the market for a decade and still  doesn't have a buyer – but why? | South

The basketball icon and his then-wife, Juanita Vanoy, spent $2 million on the property at the time. They then spent a lot of money customizing and updating the 9-bedroom mansion, incorporating distinctive features like a pool centered by a grass island.

He initially placed the Highland Park mansion for sale in 2012, with a stunning $29 million asking price, but it failed to attract prospective purchasers.

Following that, the price dropped to $21 million one year later, according to the New York Post, one year after the property was initially on the market. It was then relisted for $16 million the following year, followed by another price decrease a year later.

Jordan has not lowered the price since it peaked at $14.8 million in 2015. And we believe we know why: the numbers have particular significance for the 14-time All-Star.

The listing price’s numerals — 1 4, 8 5 5, 0 0 0 — sum up to 23, Jordan’s basketball jersey number (which is also prominently displayed on the property gates).

And while that might sound hefty, as the listing notes, the property has been fitted with every conceivable luxury amenity.

The Chicago-area house is part of basketball history

Michael Jordan's Chicago mansion up for sale at $14.9M after failing to  sell at $29M | Sporting News

Despite Jordan’s private nature, his Chicago-area home ended up playing a crucial part in the success of his team — and even inspired a new generation to strive for greatness.

The 56,000-square-foot property is located in Highland Park, a community set 25 miles outside of Chicago.

And Michael Jordan was not the only member of the Bulls to call Highland Park home; Scottie Pippen, Toni Kukoc, B.J. Armstrong, and even GM Jerry Krause all lived in the area, as it was within proximity to the team’s practice facility in neighboring Deerfield.

This means it only made sense that Michael Jordan’s house would serve as the location of the Breakfast Club — Jordan’s pre-workout routine, where Scottie Pippen, Ron Harper, and Randy Brown would join him as early as 5 a.m. to get in some serious reps (before chowing down on a big breakfast and heading for regular practice).

Impressive as it may be, MJ’s house seems to have had the biggest impact on Derrick Rose — the only other player in Bulls franchise history (besides Jordan) to win both the Rookie of the Year and MVP Award.

In an interview, Derrick Rose opened up about the time in high school when he got to visit Michael Jordan’s house and the impact it had on him; Rose, who was friends with Jordan’s two sons, was living in Englewood, one of Chicago’s most precarious neighborhoods. After seeing the house Jordan’s family lived in, he distinctly remembers telling himself that one day, he too will live in a lavish home and get his mom out of poverty.

Derrick Rose went on to become the first Bull since Jordan to make an All-Star team. 

Why has Michael Jordan’s house lingered on the market for such a long time?

Where are Michael Jordan's houses? A complete tour to all of Jordan's houses

First off, there’s one thing we need to get out of the way: million-dollar homes often take a long time to sell — and the higher the price point, the longer the quest to find the right buyer.

Regardless of the celebrity status of their owners, mansions priced over $10 million dollars — especially those set outside of luxury hоt spots like Los Angeles or New York City — take years to find the right buyer. Just ask 50 Cent, whose massive compound in Farmington, Connecticut took 12(!) years to sell.

Then, there’s also the level of customization. Michael Jordan spent milliоns to customize the home to his liking, but individual tastes don’t always match those of interested buyers.

In fact, the more customized the home is, the harder it is to find the right buyer for it. The best example is Shaquille O’Neal’s longtime home in Florida, which bounced on and off the market for years.

Shaq’s house lingered on the market after first listing for $28 million — likely priced aggressively in order to leave room for negotiations. A few price drops later, Shaquille O’Neal finally found a buyer in late October 2020, when he sold his Orlando estate for $11,000,000.

As for Jordan, he clearly isn’t hurting for cash — the former Chicago Bulls player has a net worth estimated at $3 billiоn — so he’s unlikely to compromise and sell his Chicago home for anything less than he thinks it’s worth.

And he’s got plenty of other sprawling properties to call home while he’s offloading his Highland Park abode.

Jordan owns homes throughout the U.S.

Michael Jordan's £12m house has been on the market for EIGHT years with  basketball court, cigar lounge and No 23 gates – The Sun | The Sun

Fitting for one of the greatest NBA players of all time, Michael Jordan owns many houses around the country, from Illinois to Florida, North Carolina, and Utah.

He picked up two large properties in North Carolina, a state dear to his heart for several reasons. In addition to owning their NBA team, the Charlotte Hornets, Jordan often calls North Carolina his home state — he spent his childhood living here after his parents moved to the Tar Heel State when he was just a toddler.

Michael owns a 6-bedroom lakefront home in Cornelius, NC, and another luxury condo in downtown Charlotte.

He also famously owned a vacation home in Utah, just outside the ski haven of Park City. However, he also listed the four-acre mountain property — which was built into a hillside overlooking the Glenwild Golf Course and the surrounding mountains — for sale back in 2019 for $7.5 million. Since Utah is a non-disclosure state (which means property sales are not a matter of public record), we don’t know whether Michael ended up selling the house. We can only confirm that it’s no longer on the market.

As for where Michael Jordan lives these days, the All-Star player is spending his retirement in a lavish 28,000-square-foot mansion in Jupiter, Florida.

Jordan’s house in Florida is set inside the prestigious golfing community of The Bear Club in Jupiter, one of the world’s most elite private clubs. Notable past residents include tennis stars Venus and Serena Williams, golfers Luke Donald, Ernie Els, and Michelle Wie, among others.

The sprawling property sits on 3 acres and is surrounded by tall trees and lush landscape, to protect the baseball legend’s privacy.

According to local experts, who have followed MJ’s house renovation (he invested milliоns into upgrading and customizing the property), the 2013-built house has 11 bedrooms, a 2-story guard house, a guest house, a pool house, an athletic wing with a basketball court, and a workout facility.