Concierge Auctions to Sell Michael Jordan's 56,000-square-foot Highland Park Estate to the Highest Bidder During a Live Auction on November 22nd

HIGHLAND PARK, Ill., Oct. 19, 2013 /PRNewswire/ -- New York-based Concierge Auctions is pleased to announce the November 22nd live auction of Michael Jordan's nearly 20-year residence in the chic Chicago suburb of Highland Park. The 56,000-square-foot estate, known as Legend Point, occupies 7.39 acres and is complete with a regulation-size NBA-quality basketball court, pool pavilion, tennis court, putting green, 9 bedrooms and 15 full and four half bathrooms. Previously offered for $29 million, Legend Point will be sold in cooperation with Katherine Chez Malkin of Baird and Warner Real Estate.

(Photo: http://photos.prnewswire.com/prnh/20131019/NY00584 )

"I have so many amazing, happy memories of my life in the house over the years," Jordan stated. "It's where my kids grew up. It's where I lived during my championship years. I still have business interests in Chicago, including my restaurants, and Chicago will always have a piece of my heart. It's a special place with incredible people, who embraced me from the day I arrived. But my kids are grown now and I don't need a large house there anymore."

"This home is so much more than most people imagine. Once you are behind the gate, the location affords complete privacy. The landscaping and positioning of the estate keep it from feeling overwhelming. The home, most of which was remodeled in 2011, is perfectly maintained, and obviously has all the bells and whistles, but is still very friendly," stated Malkin. "The main living areas are connected to the guest house and the pool and basketball pavilions, but if you weren't going to those areas, you need not pass through this square footage to be where you would typically spend most of your time. I am thrilled that Concierge Auctions is involved in this sale process. It seems like the most rational decision a business person could make. It compresses market time, brings forward interested buyers and affects a sale in the most professional way possible." 

The home's family area is expansive and light-filled, featuring floor-to-ceiling windows, plush carpeting, a built-in aquarium and a fireplace. Likewise, the soaring two-story living room showcases the dramatic outdoor landscaping in its series of ten floor-to-ceiling windows. The property includes nine bedrooms, with six located in the primary residence. All include spacious closets and en suite bathrooms.

The contemporary main kitchen is a masterpiece of both design and functionality and includes a ventilated island food prep area with gas Gaggenau cooktop, double convection ovens, a combination steam oven and two dishwashers.

On the lower level of the primary residence, the home boasts an impressive card and cigar room with a custom-built, walk-in humidor, a 500+ bottle wine cellar, wine tasting room, sitting room and a fully-equipped, in-house beauty salon.

In 2001, a full-size, regulation basketball court was built to Jordan's exacting specifications. It features specially cushioned hardwood flooring, adjustable backstops and baskets and competition-quality, high-intensity lighting. The court also includes a custom sound system with speakers expressly tuned for the court space. Adjacent to the basketball court are locker rooms and showers, as well as a circular lounge with comfort table leather chairs and a built-in HDTV.

The home also includes a pool pavilion, built in 2009, that links the primary residence with the guest wing. The design features a retractable electric canopy that, with the touch of a button, can transform the enclosed room to an extraordinary indoor/outdoor experience. Located directly off the pool pavilion, the three-bedroom guest wing offers a gourmet kitchen, en suite bathrooms and built-in furnishings.

Located 23 miles north of Chicago with easy access to the city, Highland Park boasts some of the region's most beautiful and exclusive homes. Here, residents enjoy small town comforts with big city advantages, with a strong emphasis on recreation and culture. The Chicago Symphony summers in Highland Park every year, and the city plays host to the well-known Ravinia Festival, an open-air concert series during the summer. With lakefront parks and beaches on Lake Michigan, Highland Park has plenty of outdoor activities to keep residents busy, and its bustling downtown shopping district is a strong indicator of the vibrancy of this community.

"Many of the world's most desirable items are sold at auction, and Concierge Auctions is the hands down leader when it comes to auctioning one-of-a-kind real estate," added Jordan. "By working with them, I know that on November 22nd, the day of the auction, my house will have been seen by a worldwide audience, and I'll have a sale with a closing in 30 days."

"Mr. Jordan hired us because he understands the benefits of the auction process for selling incomparable assets. The value of Legend Point not only lies in its history as his long-time residence but also in every unique facet of the property — the quality of design, extensive amenities and sheer size of the estate," stated Laura Brady, President of Concierge Auctions. "While there is no pre-set minimum or reserve, buyers will have the ability to submit opening bids with their registrations. The ultimate selling price will simply be determined by the bidders on auction day."

The auction of 2700 Point Lane in Highland Park, Illinois will be held on November 22nd. A 2.25% commission is offered to the buyer's representing broker. The property will be open for qualified showings by appointment. See Auction Terms and Conditions for full details. For more information visit ConciergeAuctions.com, call 877.762.9436, or join the social discussion at #MJAuction.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $400 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

This property is listed for sale by Baird and Warner (Lic#477.010810), 737 N. Michigan, Ste 1800, Chicago, IL 60611 (312) 640-7010. Listing agent Katherine L. Malkin (Lic #475.088602). Concierge Auctions, LLC is the provider of auction marketing services and is a licensed Illinois real estate brokerage firm (Lic #481011750). The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, Auctioneer, and the Sellers make all efforts to provide accurate and complete information, but do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Cooperating Brokers are fully protected and encouraged to participate. See Auction Terms & Conditions for full details.

SOURCE Concierge Auctions

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