Luxury Living in Highland Park

by May 15, 2015highland park, la times, luxury, michael jordan, real estate, the agency

Michael Jordan

The legendary sports figure and Charlotte Hornets majority owner on Thursday relisted the 7.39-acre compound for $14.855 million, tapping Mauricio Umansky and Kofi Nartey of The Agency to handle the listing in collaboration with Chicago agent Katherine Malkin of Baird & Warner.

Offered for as much as much as $29 million in 2012, the 56,000-square-foot home was put up for auction in 2013, but failed to attract an agreeable bid and was most recently priced at $16 million. The new list price represents not only a more competitive market number, but also a nod to Jordan’s legacy.

“The price reflects a number that is more significant,” said Nartey, the director of the sports and entertainment division for the Beverly Hills-based brokerage. “If you take a look at those numbers in the price and add them up, they equal 23.”

Twenty-three, of course, was Jordan’s longtime jersey number with the Chicago Bulls, and a number that has since become synonymous with the player and his brand.

Fittingly, the number marks the gated entrance to the compound that served as the Jordan family home for more than two decades. Within the sprawling grounds is a range of sports facilities including an indoor tennis court, a putting green and a pond. An indoor basketball court customized by Jordan himself is outfitted with a regulation-sized court, motorized backboards and the “Jumpman” logo at center court.

Built in contemporary style in 1995 and renovated in 2009, the home has nine bedrooms and 15 bathrooms across three stories. Among features are large-scale formal areas, a movie theater and a lounge/retreat complete with a cigar room, a poker room and a wet bar.

In between the main house and a guest wing is an entertainer’s pavilion set beneath a row of skylights. Elsewhere on the property is a climate-controlled garage with parking for up to 15 vehicles.

“This is one of the most significant homes in the world,” said Nartey, whose athlete clientele includes Kevin Durant, Nick Young and LaDainian Tomlinson, among others. “When you think about the White House, celebrity properties like Madonna’s home, architectural properties — they are instantly recognizable. This property falls into that realm.”

Jordan, 14 times an all-star, amassed six NBA titles, five most valuable player awards and 10 scoring titles over the course of his Hall of Fame career. He became the majority owner of the Bobcats in 2010 with a bid of $275 million.

In addition to the Highland Park mansion, Jordan maintains a 28,000-square-foot estate in Jupiter, Fla.

original article: LA Times