Former NBA superstar and basketball Hall-of-Famer Michael Jordan may be used to getting his way on the basketball court, but he is certainly having a hard time selling off his Highland Park mansion, according to Next Impulse Sports.
The 56,000-square-foot property, which is located in Highland Park, just 26 miles north of downtown Chicago, was initially placed on the market back in 2012 with the original price tag of $29 million.
The compound and its three-storey house has been home to Jordan and his family for over two decades and boasts a vast array of amenities and features. These include an NBA-quality basketball gymnasium, nine bedrooms, 15 bathrooms, a 15-car garage, an infinity pool, a card room, a movie theater, and a fitness center, among others.
Selling the Jordan estate proved to be a very difficult task as most of the surrounding properties tend to sell from anywhere between $1 million to $5 million, a mere fraction of His Airness' asking price. This year, Jordan enlisted new representation to help him ditch his 7.39-acre high-end compound: Mauricio Umansky and Kofi Nartey of The Agency, the Los Angeles Times reports.
In a bid to sell the ginormous house quickly and still gain significant profit, the team placed the estate on sale in May this year with a heavily discounted price of $14.855 million, over half of Jordan's original rate.
"If you take a look at those numbers in the price and add them up, they equal 23," Nartey said. Clearly, he was referring to Jordan's longtime jersey number with the Chicago Bulls, which has become synonymous with Jordan himself and his brand of athletic wear.
A YouTube video of Nartey showcasing the house and using the Jordan brand to build it up and entice buyers is making rounds on the Internet, which is a good strategic move, according to observers and experts.
However, even with the Jordan name etched to the property, Nartey and his crew are still having a difficult time getting buyers to the table and sell off the property.
