Michael Jordan's Iconic Mansion Under Contract After 12-Year Listing

12-year-long wait comes to an end

After 12 years of being up for sale, Michael Jordan's former mansion in Highland Park, Illinois, is finally under contract, according to multiple sources. The asking price for the property was $14.9 million, a significant reduction from the original listing price of $29 million in 2012.

A look at the property

The 56,000-square-foot mansion sits on 7 acres of land and features 9 bedrooms, 15 bathrooms, a regulation-size basketball court, a putting green, a tennis court, a swimming pool, and a wine cellar. The home also has a two-story library, a home theater, and a gym.

The history of the mansion

Jordan bought the property in 1991 for $2.5 million and lived there with his family until 1993. He then rented out the mansion for several years before putting it up for sale in 2012. The mansion has been on and off the market ever since, with the asking price gradually decreasing over time.

What's next for the mansion?

The identity of the buyer has not been disclosed, but sources say it is a local family. The sale is expected to close in the coming weeks. Once the sale is complete, the mansion will become the most expensive home ever sold in Highland Park.