The decade-plus wait is finally over for Michael Jordan. The NBA legend finally unloaded his $14.8 million Chicago-area mansion after 12 years on the market but for a substantially lower closing price of $9.5 million, Bloomberg reported Thursday.

The mansion, at 2700 Point Lane, sits on more than seven acres and first went on the market for $29 million in 2012. The property went under contingent contract in September with an asking price of $14.

Basketball icon Michael Jordan has finally sold his sprawling Chicago-area mansion, settling for a significant price cut.

Former Chicago Bulls superstar Michael Jordan's 32,683-square-foot home in Highland Park has finally sold for $9.5 million after the estate originally went up for sale in 2012 with an asking price of $29 million,

Former Chicago Bulls superstar Michael Jordan's 32,683-square-foot home in Highland Park, Illinois, has finally sold for $9.5 million after the estate originally went up for sale in 2012 with an asking price of $29 million,

The Highland Park mansion long owned by NBA great was on the market for 12 years and took a series of massive price cuts to find a buyer.