23XI Racing owner and NBA icon Michael Jordan has finally sold his famous Highland Park estate, known as Legend Point, for $9.5 million, marking the end of a lengthy real estate saga that began back in 2012 when the mansion was first listed for a staggering $29 million.
The Legend Point mansion spans an impressive 56,000 square feet and sits on seven acres of land. The estate boasts nine bedrooms and 17 bathrooms. Recreational facilities on the property include a tennis court and a regulation-size basketball court, echoing Jordan's legacy in basketball.
Marketing and selling such an individualized and extravagant property came with its share of challenges. In 2015, the asking price was adjusted to $14.855 million. Despite this, the property remained unsold for many more years.
The market for luxury and celebrity properties is often unpredictable, with unique estates like Legend Point sometimes struggling to attract the right buyers. Among the many celebrity estates on the market, Legend Point stands out due to its sheer size and personal details that are closely tied to Jordan's career.
Legend Point History
Jordan acquired the seven-acre plot in 1991 and set about creating a self-sufficient living space. In 2009, the home underwent extensive renovations to ensure it retained its luxury and functionality. One of the estate's crowning jewels is the indoor regulation-sized basketball court, completed in 2001, which features a special sound system and its own separate entrance.
In addition to this, the property also offers a tennis court, a putting green, and a picturesque circular infinity pool. Inside, it houses a cigar room, office space, a library, and five fireplaces, in addition to a 14-car garage. Legend Point offers nine bedrooms and a total of 19 bathrooms, including 15 full-sized baths along with four half baths.
Throughout its time on the market, Legend Point received significant attention, becoming something of a tourist attraction. The iconic "23" front gate is often a favored backdrop for fans who come to take photographs.
This comes as Jordan's NASCAR team 23XI Racing, co-owned with Denny Hamlin, continues with an antitrust lawsuit against the sport and its owners for alleged monopolistic practices. Commenting at the time that the lawsuit was filed, Jordan explained, as previously reported by Newsweek Sports:
"Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track. I love the sport of racing and the passion of our fans, but the way NASCAR is run today is unfair to teams, drivers, sponsors, and fans. Today's action shows I'm willing to fight for a competitive market where everyone wins."
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