Jordan's Chicago Area Home Back on Market at Reduced Price

Here's all the details from CNN.

Michael Jordan has lowered the price on his art deco mansion to $16 million, nearly two years after first trying to sell it for nearly twice that amount.
The house is on seven-plus acres in Highland Park, Ill., about 25 miles north of Chicago.

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More on the Debacle Behind the Attempted Sale of Michael Jordan's Chicago Area Home

Chicago Now has some blistering analysis on what has gone wrong so far as Michael Jordan attempts to sell his home on the north Chicago suburb of Highland Park.

So his house wouldn't sell at auction for at least $13 MM so what are they doing - at least for the time being? They are putting it back on the market at $16 MM. So who is going to pay more than $13 MM for a house that we already know nobody is willing to pay at least $13 MM for? And let's not forget all the discussion leading into the auction about how an auction was the way to go and auctions get the best price and there was more interest than anticipated. Yeah, right.

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Jordan's Chicago Suburban Home Fails to Sell at Auction

Michael Jordan's basketball prowess hasn't translated into real estate success as an auction he organized failed to attract a buyer to his mansion in the Chicago suburb of Highland Park.

(Photo courtesy of MSN)

Find the story here. 

Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago.
Michael Jordan's 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short

Amazing View of Jordan's Suburban Chicago Home

Check out this article with an amazing photo of Michael Jordan's 56,000 square foot home.

                                             (Credit Ted S. Warren Associated Press)

The former Chicago Bulls star is putting the Highland Park, Ill., home in which he lived for about 20 years up for auction after trying unsuccessfully to sell the 56,000-square foot mansion and its 7.39 acres of land. He originally listed the joint for $29 million in February 2012 and lowered the price by $8 million last summer.

Here's some words of wisdom.

Great spirits have always encountered violent opposition from mediocre minds.

Albert Einstein

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Michael Jordan's Home To Sell With Great Fanfare

Michael Jordan's home will sell at auction to great fanfare in the Chicago suburb of Highland Park. Here's a story with all the details.

New York-based Concierge Auctions is pleased to announce the November 22nd live auction of Michael Jordan's nearly 20-year residence in the chic Chicago suburb of Highland Park. The 56,000-square-foot estate, known as Legend Point, occupies 7.39 acres and is complete with a regulation-size NBA-quality basketball court, pool pavilion, tennis court, putting green, 9 bedrooms and 15 full and four half bathrooms. Previously offered for $29 million, Legend Point will be sold in cooperation with Katherine Chez Malkin of Baird and Warner Real Estate.

Here's some words of wisdom.

No one can make you feel inferior without your consent.

Eleanor Roosevelt

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