After nearly 13 years on the market, Chicago Bulls basketball star and NBA Hall of Famer Michael Jordan finally sold his mansion in Highland Park for $9.5 million. According

It took over a decade, but it finally sold: Michael Jordan's former home in at 2700 Point Lane in Highland Park has closed for $9.5 million after being on the market for 12 years, according to the listing on the Compass website.

The mansion, at 2700 Point Lane, sits on more than 7 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 $14,855 million.

After more than 12 years on the market, Chicago Bulls legend Michael Jordan's mansion in Highland Park has sold for $9.5 million, far less than he originally sought. The 56,000-square-foot mansion at 2700 Point Lane sold for $9.

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

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.

Michael Jordan finally got a win that had eluded him: selling his Illinois house after over 12 years on the market even for the low price it fetched. Jordan is worth over $3 billion, so collecting the $9.

And so it was this week that Michael Jordan’s 56,000-square-foot mansion in suburban Chicago closed for $9.5 million—a third of what it was listed for when originally put up for sale a dozen years ago.