Michael Jordan Home Fails to Draw Buyer

Chicago Bulls and NBA legend’s Highland Park home does not attract anyone willing to pay at least $13 million.

No one was willing to pay the $13 million minimum for Michael Jordan's Highland Park home.
No one was willing to pay the $13 million minimum for Michael Jordan's Highland Park home.

No buyer stepped forth willing to pay the $13 million minimum price today to become the new owner of Michael Jordan’s 56,000 square foot home during bidding conducted by Concierge Auctions, according to a spokesperson for the auction house.

Originally priced at $29 million in February of last year and later reduced to $21 million in January, Jordan elected to auction the property in October. Originally the sale was scheduled Nov. 22 and there was no minimum. It was later rescheduled for today because of strong buyer interest. A $13 million reserve price was established last week.

After an intensive marketing campaign including sophisticated videos and exposure on the NBC Today show, the nine bedroom, 19 bathroom estate with a full size NBA basketball court and a “man cave” befitting a NBA superstar, no one was willing to pay Jordan’s minimum price.

“We are disappointed that the high bid in today’s auction of Michael Jordan’s residence in Highland Park did not meet the reserve price,” Jordan spokesperson Estee Portnoy said. “Concierge Auctions gave great exposure to the property and opportunity, but the market conditions were just not right to drive a fair value. We will be evaluating options for the property in the new year."

william savick December 17, 2013 at 10:34 AM
The property should be given to charity and from there converted to a sports facility catering to underprivileged neighborhood children for basketball tournaments and other sports activities, including golf, tennis and horseback riding under the auspices of the Chicago Park District .
Jardy December 17, 2013 at 01:40 PM
William, I do not believe there would actually be any underprivileged children in that neighborhood. I also do not believe the neighbors would allow this property to become a sports facility for children from the inner-city, if that what you were referring to. I hate to admit it, but I would not either.
william savick December 17, 2013 at 04:43 PM
Jardy, I realize that neighborhood does not have underprivileged children, but remember the owner of that house came from a teeming borough in Brooklyn and chose that neighborhood to live. Busing would provide the transportation to get to the facility where a possible successor to MJ may be found, get rich and settle in that lovely area. The neighbors are at a sufficient distance all around the property so as not to be disturbed or distracted by comings and goings. After all is said and done and settled down you will realize your fears are unfounded and your sensibilities intact .
Dan Read December 17, 2013 at 04:47 PM
I'd like to buy this joint but the darn baskets are too high off the court for me.
Gumaro Valle December 17, 2013 at 05:54 PM
it must b a bad designed home or something is not right cause there is plenty of money looking for real state
Jardy December 17, 2013 at 06:15 PM
William, it all sounds good in theory. However, in reality, not one of MJ's affluent neighbors would allow buses to ride past their finely manicured lawns and stare at them standing in front of their custom made mailboxes conversing with the CEO of CitiBank or the coach of the Bulls. Not one affluent neighbor ( black or white) would be comfortable with a group of young inner-city youths having access to their neighborhood regardless of the cause. Sure, many are good people and will fund to have a center built in that borough in Brooklyn you mentioned, but not that close to home. Sorry William, I would not dismiss those fears as unfounded just yet. It's just a hard truth. I'm from Chicago.
George Lopez December 17, 2013 at 06:55 PM
I can't believe it. I thought the economy was on the up swing ;-)
william savick December 17, 2013 at 09:17 PM
Jardy, Your imagination besides running wild and scared is laced with fantasy and paranoia. It retreats to the 50's and 60's way of thinking of keeping people in their place. You conjure up a script of what the neighbors might think from their "finely manicured lawns". I'm frankly rather flabbergasted at your comment and would find it mildly amusing but I'm afraid you might be dead serious .
arthur lee davis December 17, 2013 at 10:55 PM
Sad as it may sound or may actually be, the underline facts are more prone to support Jardy statements . Neither Jardy, nor I made it this way, simply the way thing LIKELY are in a supposed REAL world, whatever you might conceive that to be.
Jardy December 18, 2013 at 04:32 AM
Arthur, thanks for the assistance. I knew I could not be alone in this argument. Your comments are dead on point. William, I'm certainly not seeking to start a virtual argument over what should be done with MJ's property, I don't believe either one of us really care that much. I don't know your age or you personally, but you give the impression of a young educated man full of life and hope and still see the world through rose colored glasses. Not sure if you have had the opportunity to really live it or see it. However, you appear to be one that could make a difference. Take that from a former inner-city youth. Let's agree to disagree on this one.
Karl Leinfelder December 18, 2013 at 09:36 AM
Michael has reached the top as it relates to his profession. He has by the way of his success made quite a bit of money to go along with his fame. Don't you think that now is the time for him to help the lesser fortunate population by contributing financially to various organizations. He could also help physically by taking part in some of their programs. By the way I was fortunate to see him play basketball while he was at the University of North Carolina years ago.
william savick December 18, 2013 at 11:15 AM
You're absolutely correct Jardy, divergent opinions are welcomed in any format that brings out the thinking process of a suggestion. Before anything is done with a property going from private to public use of course would have to be approved by the local populace. Since MJ's property seems to be extremely difficult to sell at this point it led me to suggest other alternatives for it's use. You made your point on my suggestion quite clearly. Perhaps other ideas will springboard from this discussion. ... I'd like to wish you and yours the happiest of holidays and Peace in 2014* .
Blak Guy December 18, 2013 at 11:28 AM
Geez, 56,000 square feet, 9 bedrooms, and 19 bathrooms. Someone else could live on that estate with you without you knowing it. Imagine the bills for electricity, water, and house keeping a month. Not to mention property taxes a year. That alone is more than a mortgage in the suburbs.
Ray Hend December 18, 2013 at 11:37 AM
If I'm going to spend that kind of money, I'd rather build one to my own design and tastes than to fork over that kind of dough for a house that's way, way too over personalized for someone else. I see I'm not the only one who feels that way.
Jardy December 18, 2013 at 11:55 AM
William, thank you. May the balance of this year and the one forthcoming be blessed and prosperous for you and those you care about.
Albert Gazalooch December 18, 2013 at 03:11 PM
This house was built for one particular client in mind... a professional basketball player! I've seen the 30 photo set of the inside and for it to appeal to the average person, it would need a lot of modifications. 56K square feet is a lot to heat and cool let alone the property taxes. Even if 4 families shared the place it would be a pain to maintain.
Susu Karr December 18, 2013 at 11:33 PM
William not in Highland Park would never happen
Bob Ickrath December 19, 2013 at 07:36 PM
William...you are a moron looking through the rose colored glasses that Obama and the nutsy liberals provided you with. Take a deep breath, step away from the medical marijuana, and grow up.
Mike Howard December 20, 2013 at 12:49 PM
I wonder what the monthly upkeep on the place costs? You know, like electricity, water, cable, Internet, natural gas - this sorts of things.
robertaruth December 21, 2013 at 02:49 PM
I clicked on headline "School takes heat over altered 'Silent Night' chorus." What's it got to do with Michael Jordan's white elephant?
gloria December 21, 2013 at 04:39 PM
mj worked hard for his money, he earned it; it's his, he can do what he wants to with it. End of story Quit telling him what to do with it and earn your own.
Phil Collins December 21, 2013 at 07:47 PM
I tried to give them a check for the whole price but they said cash only ?
robertaruth December 21, 2013 at 09:00 PM
Adam: Actually, I was interested in how far the politically correct police had gone with the words to the song, as well. Merry Christmas.
Fluffington Post December 22, 2013 at 03:01 PM
would have been nice if Huffington used the story that went with their link, instead of this one.
william savick December 22, 2013 at 11:43 PM
Huff Post changed it's format Dec 10 and is not accepting comments unless you give up your anonymity and force you to join Face Book. Somethin' wrong here !


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