Just two days after an auction failed to sell Michael Jordan’s home, the sprawling, Chicago-area estate is back on the market. Although the auction had a minimum reserve of $13 million, the price tag on the home is now $16 million. The list price is still quite a cut from Jordan’s original ask; he listed it in March 2013 for $29 million and later dropped it to $21 million.
Jordan designed the home in 1995, putting a mix of his own touches on the property, including a full, regulation-size basketball court with locker room and security gates emblazoned with the historic number 23.
But Jordan is ready to move on and told the Wall Street Journal: “My kids are grown now, and I don’t need a large house in Chicago.”
Besides, he has large estates elsewhere. He constructed a 28,000-square-foot home in 2010 and recently bought additional lots for $4.8 million to expand the home. In 2013, Jordan married his longtime girlfriend and also purchased a coastal home in North Carolina. He is majority owner of the NBA’s Charlotte Bobcats and the house is about 30 miles from the team’s arena.
Jordan’s Chicago home measures a whopping 56,000 square feet on 7.39 acres. The house includes 9 bedrooms and 15 bathrooms, as well as a cigar room and movie theater. Outside, the grounds have a golf course, pool and spa.
The home listing is held by Katherine Chez Malkin of Baird and Warner.
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