Anyone who gets close to the grounds can tell right away that this estate belongs to the legendary #23, Michael Jordan – and that might be what’s keeping it from being sold. “It’s obviously his home,” said Bruce Bowers of Bowers Realty Group. “…there is a lot of work to be done to make it your own.”
Zillow
source: interested in trade
The cigar room also has plenty of card tables where we think Jordan played some high stakes poker – he’s known for his love of gambling, after all.
Zillow
Although the house is gorgeous, it has been on the market since 2012. Jordan attempted to auction the house in 2013, but the minimum bid of $13 million was not met.
Zillow
MJ’s property has remained unsold despite attempts at creativity, including marketing to the wealthy in basketball-obsessed China.
Concierge Auctions
source: Wisdom – a saying
In 2015, the agent who was selling the house at the time promised that the buyer would also get every Air Jordans his or her size — but that didn’t work out either.
Nicholas Hunt/Getty Images for the Tribeca Film Festival
source: Wisdom – a saying
Adam Rosenfeld, of luxury real estate startup Mercer Vine, told Marketwatch in 2016 that Jordan was likely struggling to sell the home due to all the personal customizations.
Concierge Auctions
source: Market Watch
Rosenfeld said the home is also not in an area where wealthy celebrities are looking for homes. Jill Lesnar of Integra Realty Resources described the area as “more modest” than the Jordan properties would suggest.
Zillow
source: Market WatchAnd the interested in trade
You don’t have to worry about the house rotting and not selling. The house is still occupied by the staff Jordan hired to keep it looking fresh.
Concierge Auctions
source: The real deal
Jordan still pays a lot of property taxes. The annual bill is more than $130,000, and Zillow estimates that he has paid more than $2.5 million in property taxes since it was brought to market in 2012.
Zillow
One problem is that Jordan may feel that his celebrity status is adding value to a home, but according to Stephen Shapiro of Westside Agency, people don’t pay more for a home just because a famous person owns it.
Chuck Burton/AFP
source: The real deal
