Be Like Mike... For Only $29 Million

By Chuck Sudo in News on Feb 29, 2012 5:20PM

The front gate and basketball court at Michael Jordan's home in Highland Park, IL. (Images via Baird & Warner Real Estate Listing).

Want to know how the greatest basketball player of all time lives? Then spend a few minutes reading the real estate listing for Michael Jordan's mansion in Highland Park, Ill.

The 32,683 square-foot mansion situated on seven acres has nine bedrooms, 15 full bathrooms and four half-baths, and a regulation indoor basketball court with "specially cushioned hardwood flooring" and "competition quality high-intensity lighting." So you're covered in case you ever have some of your NBA friends over and want to get a pick-up game going.

The mansion was built between 1993 and 1995. Jordan divorced wife Juanita in 2006 and now spends much of his time in Charlotte as owner of the NBA's Charlotte Bobcats, where he's also finding out the hard way that maybe former Bulls GM Jerry Krause was right about how "organizations win championships.

The home also has an in-ground pool, tennis courts and an outdoor fireplace. Baird & Warner, the Chicago real estate firm representing the property, has it listed for the cool price of $29 million. Using Baird & Warner's handy online mortgage calculator, we calculated the monthly mortgage payments—including taxes and insurance&at $165,968.77, based on a 30-year fixed mortgage with 10 percent down. We've been dipping our toes in the housing market, but this is a a little out of our budget.

That asking price is negotiable, right?