Commercial Real Estate Executive Acquires Michael Jordan's Mansion for $9.5 Million
December 28, 2024 - 21:50
In a high-profile real estate transaction, a commercial real estate executive from a Lincolnwood-based firm has purchased the iconic mansion formerly owned by NBA legend Michael Jordan. The sale, finalized on December 10, saw the property change hands for an impressive $9.5 million.
Nestled on a sprawling 8.4 acres in Highland Park, the mansion is renowned not only for its size but also for its luxurious amenities and rich history. Jordan, a six-time NBA champion with the Chicago Bulls, originally built the estate in the 1990s, making it a symbol of his success both on and off the court.
The property features multiple bedrooms and bathrooms, expansive living areas, and a range of recreational facilities, including a basketball court that pays homage to Jordan's storied career. This acquisition marks a significant investment in the Highland Park area, further highlighting the ongoing interest in luxury real estate within the region.
MORE NEWS
December 19, 2025 - 11:59
Downtown Little Rock's Regions Center Changes HandsThe Regions Center, the second-tallest building in downtown Little Rock, has been acquired by Woodcrest Capital LLC, a real estate investment firm based in Fort Worth, Texas. This significant...
December 18, 2025 - 18:12
Strong Demand and Limited Supply Offer Hope for Real Estate Development StocksDespite facing significant challenges in the current market, certain real estate development companies are showing resilience due to healthy demand in specific categories and a constrained supply....
December 18, 2025 - 02:39
Arlington County Grapples with $13 Million Revenue ShortfallArlington County is confronting a significant financial challenge as tax revenue has fallen short by $13 million in the early months of the fiscal year. This shortfall stems from...
December 17, 2025 - 07:31
Positive Outlook for Northern Virginia Real Estate Market in 2026The forecast for the Northern Virginia real estate market is looking up. Experts predict that by 2026, the housing market will stabilize, providing a balanced environment for both buyers and...