Michael Jordan's Highland Park villa finds a buyer after 12 years on the market

The 5,180-square-foot Highland Park mansion of Chicago Bulls legend and NBA Hall of Famer Michael Jordan has found a buyer after 12 years on the market.

The villa, located at 2700 Point Ln., sits on a 7-acre lot and first came on the market in 2012 for $29 million. The purchase price for the property was $14,855,000, confirmed Katherine Malkin, the Compass broker representing the property.

The mansion, built in 1995 after Jordan announced his return from his first retirement, has nine bedrooms and 19 bathrooms, as well as a basketball court, cigar room, tennis court and swimming pool, according to the mansion's listing on real estate marketplace Zillow.

After Jordan's marriage to Juanita Vanoy ended in divorce in 2006, the family home was converted into a bachelor pad. There's a 500-bottle wine cellar, a tasting room and a cigar room with custom wood paneling. There's also a putting green carefully carved into the property's side yard — which Jordan's chip shot often missed, his former neighbor Lou Weisbach told the Sun-Times in 2012.

Remodeling the villa to suit Jordan's preferences could be one reason why it took so long to find a buyer for the villa, says an expert.

“It's a very special building, both in terms of size and construction,” said James Kutill, managing director of the Chicago office of Integra Realty Resources. “Finding someone who could really enjoy this property is not easy.”

The buyer of Jordan's Highland Park property must also pay $148,018 in property taxes.

The asking price has been reduced several times, most recently in 2015. That year, Jordan was willing to include 29 pairs of signature Jordans to anyone who paid his asking price.

“It's a very unique property at a very high end of the market,” Kutill said. “It's not easy to market. It's not easy to find someone who really appreciates what Michael Jordan wanted for a home.”

Kutill “wouldn't be surprised” if properties like Jordan's Highland Park mansion took years to sell, but the length of time the NBA legend's property has been on the market varies, he says.

“This is not a normal property,” Kutill said. “I have never heard of a property in my career that has been on the market for this long.”