The Reason Why Michael Jordan’s House Hasn’t Sold and What You Can Take Away from His Experience

Michael Jordan, the legendary NBA champion, is known for his incredible basketball career as well as his impressive collection of homes. Among his multimillion-dollar properties in Utah, Florida, and North Carolina, the custom-designed mansion in Highland Park, Illinois, has garnered the most attention.

This 32,683-square-foot mansion boasts nine bedrooms, 19 bathrooms, and sits on a sprawling 7.39 acres of land. Despite its luxurious features, the house has been on the market for over a decade without finding a buyer. So, why hasn’t Michael Jordan been able to sell his Illinois mansion?

One of the main reasons could be the pricing. The house was initially listed for $29 million in 2012, but after several price reductions, it is currently listed at $14,855,000. Proper pricing is crucial in the real estate market, and this serves as a valuable lesson for sellers to price their properties accordingly.

Another factor could be the lack of photos showcasing the property. With only six photos on the Zillow listing and no images of key areas like the kitchen, bathrooms, and bedrooms, potential buyers may be deterred by the lack of visual representation.

Additionally, the house’s customization to reflect Jordan’s personal style, including features like an indoor basketball court and a cigar room, may not appeal to a wide range of buyers. The high property taxes of $135,969 as of 2021 in Highland Park could also be a deterrent for potential buyers.

Overall, Michael Jordan’s struggle to sell his Illinois mansion offers valuable lessons for sellers in terms of pricing, presentation, and customization. It serves as a reminder of the importance of understanding the market and adapting to meet the needs and preferences of potential buyers.