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Michael Jordan Reduces Asking Price For Highland Park Mansion

HIGHLAND PARK, Ill. (CBS) -- The asking price on basketball legend Michael Jordan's longtime personal residence in Highland Park has been reduced from $29 million to $21 million.

A news release announced that the 56,000-square-foot compound is presented by listing agent Katherine Malkin of Baird & Warner, who originally listed it in February 2012.

The house was built between 1993 and 1995 and features nine bedrooms, five fireplaces, and more than 15 bathrooms, in accordance with Jordan's exact specifications. Its surrounding estate also features a three-bedroom guest house, an indoor-outdoor pool and entertaining area, a tennis court, a putting green, a deep-water pond, and three multi-car garages, the release said.

The estate also features an indoor basketball complex with its own entrance, which was completed in 2001. The complex features a full-size basketball court, and a special sound system.

Michael Jordan Mansion
The basketball court on Michael Jordan's estate in Highland Park. (Credit: J.S. Eckert Photography)

The estate is located just off Half Day Road, a short distance west of Skokie Valley Road.

Businessman Lou Weisbach used to live next door. He remembers the distinctive number 23 on the gate of the mansion.

"The purpose of it was not to show off that he was Michael Jordan, but so that people wouldn't beat down his fence and his gate, trying to meet him and see him," Weisbach said. "They could take photographs in front of his property and prove to people that they were."

Michael Jordan Mansion
Michael Jordan's Highland Park mansion is up for sale. (Credit: J.S. Eckert Photography)

Weisbach says there was never any shortage of sight-seers.

"Every weekend there would be 1,500 to 2,000 cars that would drive in," he said. "In Japan, the number one place to visit in Chicago was Michael Jordan's house so we would get a lot of people from the Far East."

Weisbach was in the house several times and describes as very elegant and very modern. He also remembers the golf balls that used to come flying from Jordan's yard all the time

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