Michael Jordan obviously has a big problem to sell his 56,000-square-foot mansion in Highland Park, Illinois.
The house is on seven-plus acres and was built in 1995 for Jordan. The private residence had been extensively renovated since it’s construction and now features world-class entertaining areas including nine bedrooms, 15 baths, a cigar room, a gourmet kitchen, a regulation-sized indoor basketball court, a circular infinity pool, putting green, tennis court and a garage big enough to hold 14 cars.
The property first hit the market in 2012 for a whopping $29 million. Then, the NBA star has lowered the price on his art deco mansion to $16 before heading to auction with Concierge Auctions in late 2013. The home had a reserve of $13-million and was scheduled for auction on November 22, 2013 but was pulled and rescheduled for December 16, 2013. After weeks of marketing the auction it ultimately failed to sell. However, the home has just reentered the market with another big price cut and its new $1.145 million price chop brings the asking price down to $14.855 million – its lowest asking price yet.