An article about the chances of the basketball legend's $29M Highland Park home ever selling sparks a discussion about Illinois real estate. Join in!
Tuesday, December 25, 2012
Friday, December 21, 2012
The basketball legend's Highland Park home was listed at $29 million in February. Will the price need to go down for it to sell?
Michael Jordan's Highland Park home has been listed at $29 million since it appeared on the market in February. Typically, keeping the listing price constant is a surefire way to keep a home on the market. But from the home itself to the hoops you need to go through to even see it, nothing about the 2700 Point Lane is typical. At the time Jordan's 56,000-square-foot-home was listed, the Chicago Tribune pointed out that if the home sold for "anywhere near that asking price, it would be the most expensive, publicly listed home sale in the Chicago area." But will that sale ever happen? Almost a year later, the original listing price has not been reduced. This could indicate that the owners are not in any rush to get the property off their …