Michael Jordan's sprawling estate in the Chicago suburbs, which has many custom-designed nods to the basketball star, has sat abandoned for years.

Michael Jordan's iconic 32,683 square-foot mansion in Highland Park, Illinois, sold Thursday for $9.5 million. The sale was completed nearly 11 years to the day it hit the market -- Dec. 17, 2013 -- for an original asking price of $29 million. The closing deal marks a 67% price cut.

The Bulls great, who first put the property on the market in February 2012, ultimately settled for less than one-third of his original $29 million asking price.

Basketball legend Michael Jordan has finally sold his beleaguered Chicago mansion for $9.5 million, less than a third of his original asking price—after leaving the property to languish on the market for 13 years.

NBA legend Michael Jordan hits another payday after selling his old Chicago estate for $9.5 million following a 12-year run on the market.

The real estate market can be unpredictable, just ask Michael Jordan. After 12 years and multiple price drops, his Chicago mansion has sold for $9.5 million. According to cllct, the property was originally listed in 2012 for $29 million,

Jordan’s 56,000-square-foot property in Highland Park, Illinois, went under contract in September and officially sold last week, according to WLS. When the mansion was first listed, the listing price was $29,

Chicago Bulls legend Michael Jordan’s mansion in Highland Park, Illinois, finally sells after 12 years at a fraction of its original price of $9.5 million.