Multimillion Dollar Homes Sitting on the Market for Years

Homes on this list range from Michael Jackson's vacated Neverland Ranch to a decaying mansion on New York's Carleton Island that will cost the new owner millions in renovations. Michael Jordan has not lived in his Chicago mansion in years but the empty property still struggles to find a new owner after six years on the market. Though his home, like others, is now devoid of its famous resident, the property is not completely abandoned as staff members continue to maintain the grounds for potential buyers.

Business Insider's Lina Batarags previously reported that "over-customized" homes — like Michael Jordan's and Michael Jackson's — are hard to sell. Both estates feature personalized entry gates amongst other features, making homes undesirable to potential buyers with their own visions for a luxury home. Other homes on the list include a Versailles-inspired Manhattan townhome that has been on and off the market for 16 years, along with a massive Bel Air mansion called "Billionaire" selling at a $100 million discount. The latter is just one example of how Los Angeles has too many megamansions for sale.