NewburyportNews.com, Newburyport, MA

Real Estate News

March 5, 2012

Michael Jordan’s Chicago Estate Hits the Market for $29 Million

- — An indoor regulation-sized basketball court, high-end amenities, and security gates emblazoned with the famous number 23 — this sprawling Chicago estate can only belong to one person.

Michael Jordan's Chicago-area home has officially hit the Highland Park real estate market with a price tag befitting the NBA MVP: $29 million.

Five years after Jordan's pricy divorce from his wife of 17 years, Juanita, the longtime home is for sale. Although the home has more than just a few traces of the Hall of Famer, Juanita is the one who reportedly owns the property, winning it in their $168 million divorce settlement.

The custom home sprawls over eight acres in the high-end Chicago suburb of Highland Park. Situated about 30 miles outside of Chicago, Highland Park home values are currently $387,400.

The Jordans' home has 56,000 square feet of living space, which includes nine bedrooms, 15 bathrooms and five fireplaces. The property also includes a guesthouse, pool area, outdoor tennis court and three garages.

Although Michael designed the custom home in 1995, he has moved on. The former Chicago Bulls star is currently building another custom estate in Florida with his new fiancee, model Yvette Prieto.

Michael purchased a 3-acre property in Jupiter, FL and built a 28,000 square-foot home that includes three separate structures: a guard house, guest house and pool house in 2010. He also bought additional lots for $4.8 million to expand his home. Located in prestigious The Bears Club development, agent Cary Lichtenstein of Christies Great Estates claims Michael's estate will run northward of $20 million, making it the “… most expensive non-waterfront home in the Palm Beaches.”

When construction finished on Michael's Highland Park home in 1995, the basketball player was at the top of his game. Returning from an early retirement, Michael was one of the most popular figures in basketball and the face of several ad campaigns and products. His sports accolades include two Olympic Gold medals, five-time NBA MVP, 10 NBA scoring titles and he led his teams to an NBA championship six times. Michael also currently owns the Charlotte Bobcats.

The Highland Park listing is held by Katherine Chez-Malkin of Baird & Warner Real Estate.

Photos courtesy of Baird & Warner Real Estate.

1
Text Only | Photo Reprints
Real Estate News

Offbeat
NDN Video
Jenny McCarthy Engaged to "New Kid" Kate and Will Land in Oz Boston Bomb Scare Defendant Appears in Court Bay Area Teen Gets Prom Date With Help From 'Breaking Bad' Star Behind The Tanlines Jersey Strong Part 1 WATCH: Women Fight To Marry Prince Harry! O’Reilly Launches Preemptive Strike Against CBS Pixar Unveils Easter Eggs From its Biggest Movies Baby Sloths Squeak for Their Cuddle Partners in Adorable Video Miley Cyrus Hospitalized After Severe Reaction To Medicine Raw: Ferry Sinks Off South Korean Coast Toddler climbs into vending machine 8-year-old Boy Gets His Wish: Fly Like Iron Man Much-Anticipated 'Gone Girl' Trailer Finally Debuts! (VIDEO) Dog and Toddler Wear Matching Outfits in Adorable Photo Series VP Biden: "World witnesses ordinary citizens doing extraordinary things" It's Official! Michael Strahan Joins "GMA" Blood Moon Time-lapse Actress Lake Bell Goes Topless The Five Weirdest Local Taxes in America
Special Features
NRA Waterfront Plans