This is down from an estimated home price of $672,000 in 2018, according to Coldwell Banker. Bowers Realty Group reported the average median Highland Park for 2019 was $520,794 as of September. It’s about a third of the size of the Jordan estate, sits directly on Lake Michigan and boasts a private beach. The home’s closest competition in Highland Park is a $9.75 million home on Crescent Court. And there is not a robust market for such expensive properties in general. Homes at this price point are often situated along Lake Michigan - a couple miles from Jordan’s former home, she said. But even after four price drops, a failed auction and unsuccessful marketing tricks over the years, the property remains unsold and faces significant selling challenges, including a sagging suburban luxury market. The basketball great first listed the home in 2012 at $29 million, and has since slashed the price to $14.85 million. It’s a very different story in Highland Park. Judging by the listing photos, you wouldn’t even know it was his. You won’t find a “23” welded onto the front gate or multiple basketball courts on the premises. It’s priced at $7.5 million - cheaper than some neighboring mansions - and, though luxurious, lacks the extreme personal touches that define Jordan’s gargantuan Illinois compound. The mountain retreat, built in 2006, has five bedrooms and eight bathrooms, with waterfalls on the property and dramatic mountain views. But the Park City home, for which he paid $7.9 million, already looks a good bet to sell before the Highland Park property he’s been trying to sell since Barack Obama’s first term in office. On Monday, His Airness listed a 10,000-square-foot mountain hideaway in the ritzy ski city of Park City, Utah. Michael Jordan and an aerial view of his Highland Park property (Credit: Getty Images)Īs his massive compound in Chicago’s northern suburbs collects dust, Michael Jordan is now trying to part with another sprawling mansion.
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