HIGHLAND PARK, Ill. (CBS) — The Chicago area real estate market marks a high-profile deal with Michael Jordan’s North Shore mansion finally under contract after more than a dozen years.
The sale is headline-grabbing news—but could it affect the real estate market for other luxury properties, or even average homeowners? For better or for worse, experts do not think so.
Nonetheless, the sale has those in the real estate industry excited.
“Finally—I mean, wow, is it really happening?” said North Shore luxury real estate broker and former CBS News Chicago sports anchor and reporter Megan Mawicke.
The 56,000-square-foot Jordan mansion property features a regulation-sized basketball gymnasium, a circular infinity pool, a putting green, a tennis court, and a cigar room. The house also has nine bedrooms, 19 bathrooms, five fireplaces, a massive den, and a super-futuristic kitchen with a huge center island.
It first went on the market in 2012, and is now under contract at last. This is good news for the real estate market in the North Shore suburbs, Mawicke said.