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March 02, 2022

Michael Jordan lists 56,000 sq. ft. home for $29M

When purchasing a celebrity home on the real estate market, it’s important to remember you’re buying into that celebrity, not just the house itself.

1374666_basketball_court_at_summer_1For instance, this beautiful Tudor-style estate in an L.A. suburb was a tough sell in 1997, despite its having five bedrooms, six baths, pool, tennis court and waterfall.

Why? Because it belonged to O.J. Simpson, the world’s most famous non-murderer. The Brentwood home would fetch $4 million, though had to be bulldozed a year later to fully exorcise whatever evil the property knew.

So right now, though he’s still an A-lister of the highest regard, perhaps it’d be fit to exercise caution on this property being sold by Michael Jordan.

Indeed, MJ’s popularity may certainly be at an all-time low today, two-and-a-half years after his perturbing Basketball Hall of Fame speech and months after this blog launched shining a light on his peculiar fashion choices. At the moment Jordan’s Charlotte Bobcats, of which the former Chicago Bull is the majority owner, also happen to travel the continent as the worst team in the NBA.

*Bing: Who is the world’s richest athlete?

Perhaps, then, the five-time MVP won’t fetch the asking price for his 56,000 square foot home, officially listed this week.

According to a press release from Chicago’s Baird & Warner Real Estate, Jordan is asking a whopping $29 million for the Highland Park estate, which features nine bedrooms, more than 15 bathrooms and five fireplaces.

In addition to the main residence, the property has a three-bedroom guesthouse, indoor/outdoor entertaining and pool area, tennis court, putting green, deep-water pond and three climate-controlled multicar garages.

Of course, there is a separate indoor complex housing a basketball court, too, complete with specially-cushioned hardwood flooring.

It’s a tough time for a house, any house, to ask nearly $30 million in America, so don’t hold your breath on Jordan’s estate nabbing what it’s listed at just yet.

But this isn’t O.J. we’re talking about here. This is Michael Jordan, the greatest athlete the world has ever known. In the end, despite his recent divorce and swoon in public favour, it’s going to be better, not worse, to own a home that once belonged to MJ.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...