Billionaire Michael Jordan’s $14.9 Million Mansion Includes Custom Made Area Worth Millions for His Biggest Affection, but It’s not Basketball

Published 10/24/2022, 11:30 AM EDT
NEW YORK, NY – AUGUST 26: Basketball Hall of Famer Michael Jordan watches as Roger Federer of Switzerland plays against Marinko Matosevic of Australia at their men’s singles first round tennis match on second day of the 2014 US Open at the USTA Billie Jean King National Tennis Center on August 26, 2014 in New York. (Photo by Bilgin Sasmaz/Anadolu Agency/Getty Images)

Michael Jordan played in the NBA over two decades ago. Many fans consider the 6x NBA champion to be the greatest basketball player ever. Jordan’s play on the court inspired the famous Air Jordan brand, which now generates billions annually. Needless to say, Jordan is the wealthiest athletes ever. But Jordan’s iconic property in Chicago worth millions has remained vacant for a decade now.

Michael Jordan played for the Chicago Bulls in the 80s and the 90s. He had a historic career with the Bulls and brought six titles to Chicago. Post-retirement, Jordan earned more money than he ever did while playing in the league. Michael Jordan was the first NBA player in history to enter the Billion Dollar Club, owning to Jordan brand and other investments.

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Michael Jordan has a custom-made ‘Cigar room’ in his Chicago mansion

MJ’s iconic property in Chicago’s highland park area is a luxurious mansion spanning thousands of sq. ft. Jordan has made a lot of customizations on the property over the years.

Jordan’s love for cigars is well-known among basketball fans. Classic Tapes of the 90s Bulls always featured Jordan dominating on the court or holding a cigar in the locker room. Jordan has a room dedicated to smoking cigars in his multi-million-dollar mansion. He converted a home gym into a lounge area with the ideal smoking environment. The Cigar lounge has a walk-in humidor and leather seating. The lounge also has an in-built air ventilation system that provides much-needed ventilation and keeps the air fresh. Moreover, other systems in place prevent the smell from lingering and spreading to other rooms. MJ has created the perfect environment to enjoy his cigars with his pals.

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The 56,000 sq. ft mansion features a host of other customizations made by Jordan himself. He has overhauled the estate numerous times. However, these extreme customizations may be the root cause behind the mansion’s struggle to find a buyer.

MJ’s mansion has remained vacant for over a decade now

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Michael Jordan listed his iconic mansion in Chicago on the market in 2012 for an asking price of $29 million. Fast forward a decade, the Hall of Famer’s mansion remains vacant and continues struggling to find a buyer. It seems as if the appeal of living in Jordan’s house is not enticing enough for buyers to splurge millions in an outskirts mansion. The asking price of the property has declined several times over the years.

Having spend over $12 million on the massive property, Michael Jordan first listing of his mansion seemed fair. Unfortunately, he did not find any suitors.

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Watch the Story – Billionaire Michael Jordan’s huge $150 Million investment was unknowingly influenced by NASCAR’s most successful driver; here’s how

As it stands today, the asking price for the property is $14.9 Million, or more specifically, $14,855,000. The asking price has a special meaning; all the numbers add up to Jordan’s iconic jersey number ’23’. However, at this point the house might be up for grabs to the highest bidder as well.

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K Shrijith

331 articles

K Shrijith is an NBA writer at EssentiallySports. Currently pursuing his BBA degree, Shrijith has a keen interest in the world of finance. In fact, he has past experience in equity research and writing research reports on the subject of finance.

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