Monday, April 29, 2024

Why Michael Jordans house has been on the market for four years

michael jordan's house

On the market since 2012, 2700 Point Lane has attracted some renewed interest following ESPN’s critically-acclaimed Michael Jordan documentary. In addition, there’s a card room and a golf putting green that has allowed Michael Jordan to pass the time in his favorite ways. Michael Jordan has a second house is in Highland Park, roughly 25 miles north of the Chicago area. Michael Jordan bought it in 2013 and lived here when he led the Chicago Bulls to six championships. The house is personable, to say the least, but interestingly, this might be the only NBA Hall of Famer’s house with no basketball court. The house has an open floor plan with large windows for a spacious, light-filled space.

Exclusive: This $19 Million Mansion in Florida Makes You Neighbors With Michael Jordan

One of the islands can be used for quick bites, while the copious cabinet space houses a gas range and convection ovens. Other highlights include a billiards room with a wet bar and a fireplace, a home theater, a den with another fireplace, a home office, and a family room with a balcony. For the rest of us—those who can’t “be like Mike” and are aiming for the quickest sale possible—there are some lessons to be learned from Jordan’s adventure in real estate. Privacy reasons are also why people might shy away from buying well-known homes—fearing the history of the home will bring unwanted visitors, added Rosenfeld. There will always be fans who want to take their picture in front of Jordan’s estate, regardless of who lives in it, he said. Simpson’s Rockingham home in Brentwood, Calif., has been torn down and replaced with another, yet people still take pictures on the property, Rosenfeld added.

The sun-soaked $19 million estate at The Bear's Club in Jupiter, Florida, was designed by architect Randall Stofft.

He also paid $3.14 million in 2010 for the two top-floor penthouses in a condominium in downtown Charlotte, N.C., just two blocks from the arena where the NBA team he owns, the Hornets, plays. And he owns a six-bedroom, 12,310-square-foot mansion in Cornelius, N.C., which he purchased in 2013 for $2.8 million. After looking inside the house, there’s no question that it has Michael Jordan written all over it.

The Rest of Michael’s Real Estate Portfolio on Sale

michael jordan's house

Around 1991, the property cost Jordan and his then-wife Juanita Vanoy $2 million. As for Jordan, he clearly isn’t hurting for cash — the former Chicago Bulls player has a net worth estimated at $3 billion — so he’s unlikely to compromise and sell his Chicago home for anything less than he thinks it’s worth. The 56,000-square-foot property is located in Highland Park, a community set 25 miles outside of Chicago.

Michael Jordan's House in Jupiter, Florida: $35 Million Mansion

The property’s front gate of his Highland Park home bears his iconic jersey, number 23. This design incorporates concepts such as using more glass structures, clean lines, disappearing doors, and slide pockets. In addition, instead of regular polished marble and stone, the marble and stone here are honed. More specifically, the honed marble and stone are mostly used on kitchen cabinets, while the white or cream granite is used on the rest of the surfaces.

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The community is known for its privacy and exclusivity, attracting golf enthusiasts, athletes, CEOs, and celebrities alike. With its impeccable service and top-notch facilities, it is no wonder Michael Jordan's house is located in such an esteemed area. Tucked away in the exclusive neighborhood of The Bear's Club, Michael Jordan's house in Jupiter, Florida, is a sprawling sight to behold. Jordan's estate neighbors other celebrities such as Serena and Venus Williams, Ernie Els, Tyler Cameron, and Michelle Wie, along with myriad athletes and Fortune 500 executives who call the prestigious community home.

The six-time NBA champion has spent his time post-basketball amassing an empire while calling Jupiter home. Here, we take a dive into the captivating story of Michael Jordan's house in Jupiter, Florida, and some of the business interests that have grown with him since. The Bear’s Club in Jupiter, Florida, is an exclusive residential enclave with one of America’s best golf courses and a Tuscan-style clubhouse.

Jordan's Bulls teammates used to work out there every morning, according to an interview shared by Concierge Auctions.

Exclusive: This $19 Million Mansion in Florida Makes You Neighbors With Michael Jordan - Yahoo Life

Exclusive: This $19 Million Mansion in Florida Makes You Neighbors With Michael Jordan.

Posted: Fri, 26 Apr 2024 13:00:00 GMT [source]

Jordan’s house in Florida is set inside the prestigious golfing community of The Bear Club in Jupiter, one of the world’s most elite private clubs. Notable past residents include tennis stars Venus and Serena Williams, golfers Luke Donald, Ernie Els, and Michelle Wie, among others. In addition to his illustrious basketball career, Michael Jordan has demonstrated his astute business acumen over the years. Bulls and Bears LLC is the business entity established by Jordan, which focuses on real estate investments. The name "Bulls and Bears" draws inspiration from the world of finance, symbolizing the volatility of markets and Jordan's ability to navigate them. The Bears Club is an exclusive golf community located in Jupiter, Florida, where Michael Jordan's house is located.

See inside Michael Jordan's impressive seven-acre estate in Chicago

There’s also a three-bedroom guesthouse on the premises — which likely saw its fair share of sports celebrity guests over the years. The numbers in the property’s listing price — 1 4, 8 5 5, — add up to 23, Jordan’s basketball jersey number (also proudly plastered on the property gates). The house was originally listed for $29 million and has every bell and whistle you can think of. Some "over-improvements" and the house's location are making it hard to sell the property. Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house. And yet, it remains unsold and he pays more than $100,000 in annual property taxes.

Jordan himself had the entire home built from the ground up over the course of four years, finishing construction in 1995. Following Jordan’s divorce from Vanoy, the Bulls player decided to part ways with the two-story home. Nevertheless, if you’ve taken notice of the palatial houses Michael Jordan was filmed in, and thought they might be rooms in his actual residence, know that the real thing is even more impressive. Below, we take a closer look at the house and why it's struggling to find a buyer.

It’s not uncommon for them to overspend on the purchase of the home, then customize the home too much—making it very difficult to recoup expenses, he said. An earlier version of this story misidentified the Charlotte NBA team Michael Jordan owns. The home was completed in 1995 after Jordan bought its seven-acre lot in 1991, and is strategically hidden behind a wall of 40-foot evergreens. Set in a prestige suburb of Highland Park, the modern mansion is enclosed by more than 150 trees – the perfect setup for someone in need of complete privacy.

The living area connects to a large quaint kitchen with ceiling-to-floor windows that merges with the outdoors. The modern architecture is also maintained inside, with a more open floor layout. An open floor architecture means that the rooms are more defined by the furniture used and less defined by the walls. This makes Jordan’s property one of the most expensive houses in Palm Beach with no waterfront. Moreover, since the home sits in the Bear’s Club community, known to host most celebrity residences, it gets extra credits. That didn’t deter him because he eventually became Laney junior’s varsity team star and was recruited into several college basketball programs.

The gates, the cigar room, and the unmistakable basketball court all give a nod to His Airness. Aside from these areas, the $14.9 million mansion also features nine bedrooms, 19 bathrooms, a library, a wine cellar, a poker table, an infinity pool, a gym, a fish pond, and many others. The NBA legend paid an undisclosed amount for a massive vacation home in Park City, Utah. The stone-and-wood mansion measures 9,574 square feet and features a total of five bedrooms and eight bathrooms. The grandeur begins at the entrance, with a museum-like stone walkway leading up to a double-height glass door.

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