Michael B. Jordan Just Cut $2 Million Off His Gated Encino Farmhouse Asking Price
On March 15, 2026, Michael B. Jordan walked off the Oscars stage with a Best Actor trophy for Sinners, the biggest night of his career. Within weeks, his agents were cutting the price on his Encino mansion. Not once. Twice.
The home is now asking $10.245 million, more than $2 million below what he paid back in May 2022.
The Property Itself
Built in 2021, the modern farmhouse-style mansion spans nearly 11,600 square feet on a gated half-acre lot.
A 20-foot pivot front door opens into a living space with high ceilings, wood accents, a chef’s kitchen with Miele appliances, oak cabinetry, and two islands. A floating staircase and elevator connect all three levels.
The home has eight bedrooms, 10 bathrooms, and four half-baths. The lower level holds a private theater, wine cellar, and fitness center with an indoor-outdoor spa.
Outside, there is a zero-edge pool and hot tub, pool house, pavilion, two-story guest house, and multiple terraces. Jordan also spent around $500,000 upgrading the security and air conditioning systems after purchase, as The Wall Street Journal previously reported.
Three Years, Three Price Drops
Jordan first listed this home in January 2023 for $12.998 million. No buyer. He relisted in March 2025 for $11.995 million, held it through November at just under $11.5 million and still nothing.
It came back in late March 2026 at $10.495 million, and within weeks dropped again to $10.245 million.
That’s four listings, three years, and roughly $2.75 million shaved off the ask. Mansion Global has followed the full price journey in detail.
This pattern of peak-era purchase, overpriced first listing, and slow descent is something more sellers are navigating than they would admit.
Elisha Cuthbert’s LA home sat through a similar wait before finally finding a buyer, showing how even well-maintained celebrity properties can stall in the wrong market window.
Why This Matters
Jordan’s situation isn’t just a celebrity story. It’s a market story.
Encino’s median sale-to-list ratio currently sits at 0.979, meaning buyers are negotiating and overpriced listings face real resistance. Several luxury properties in Encino have already been sitting 60 to 100-plus days.
Above $10 million, the buyer pool shrinks considerably. Real estate data shows Encino list prices have softened, with homes in the ultra-luxury tier taking far longer to close than the broader market.
Buying at a 2022 peak and anchoring your price to that era is a calculation many luxury sellers are now correcting the hard way.
For more stories like this as they break, this WhatsApp channel is worth keeping in your feed.
Security and privacy are increasingly what high-net-worth buyers are actually paying for. Jordan upgraded both here, but it hasn’t been enough to close the deal.
Justin and Hailey Bieber’s $12 million Manhattan condo, built specifically like a fortress, shows how that priority plays out when buyers choose on their own terms.
What’s Next for Jordan
Jordan, known for Creed, Black Panther, and The Wire, is now an Oscar winner with a packed slate ahead, including directing and starring in The Thomas Crown Affair remake.
The Encino estate feels less like a home he is attached to and more like one he is simply ready to move past.
Sometimes moving on looks different for everyone. Orlando Bloom’s former Beverly Hills home took a different route entirely, now listed for rent at $31K a month with his personal design touches still intact inside.
Do you think Jordan should hold out for the right buyer or just take the loss and move forward? Drop your take in the comments.
One Thing Is Clear
Fame doesn’t move real estate. Pricing discipline and market timing do, and even Oscar winners learn that the hard way.
For more on celebrity homes, real estate trends, and what’s actually happening behind the headlines, visit Build Like New. Follow us on X and Facebook so you never miss a story like this.
Disclaimer: This article is for informational purposes only. All figures are based on publicly available listing data and reports at the time of publishing.
