Britta Rivera Venture

CHICAGO REAL ESTATE NEWS & MORE

MICHAEL JORDAN $29M HIGHLAND PARK HOME GOES TO AUCTION 11/22/13

mj mansionMany were surprised to hear that legendary former Chicago Bulls superstar, Michael Jordan, has decided to auction off his 56,000-square-foot Highland Park estate next month.  It was just two years ago that he first listed the property for a whopping $29 million!  But seriously, who can afford that price?

Jordan has retained New York-based Concierge Auctions plans to hold the auction on November 22nd.  If you have a cool  $250,000 of liquid funds no problem; it’s the deposit required to bid in the “absolute” auction, which requires him to sell regardless of price.

The luxurious home located at 2700 Point Lane, in a Chicago suburb, was originally priced at $29 million before it was reduced to a mere $21 million back in January.  It is a true testament to his wealth featuring; nine-bedrooms, 17 bathrooms, a regulation-size indoor basketball court, billiards parlor and a 15-car heated garage.

Now this is LIVING! If you are Bill Gates, Tyler Perry or Oprah Winfrey it could be considered a great deal!  For the rest of us….we may want to stick with a more reasonably priced home.

SEARCHING FOR A HOME IN THE CHICAGO AREA?  Contact a real estate professional to assist…..britta.rivera@comcast.net.  If you are a CHICAGO BULLS player…please use my real estate services, I promise to make it fun yet confidential experience.

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October 19, 2013 - Posted by | CHICAGO REAL ESTATE | , , , , , , , , , ,

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