Michael Jordan's Lavish Chicago-Area Mansion Goes to Auction

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Michael Jordan's Lavish Chicago-Area Mansion Goes to Auction

A tremendous price drop hasn't brought the buyers in for Michael Jordan's famous house, so perhaps an auction will do the trick. 

The Wall Street Journal's Lauren Schuker Blum reports Jordan has put his 7.39-acre property in Highland Park up for auction after an $8 million price decrease failed to produce a buyer. 

UPDATE: Monday, October 28, 2013, 7:05 p.m. ET

I hope you love rare glimpses of prized real estate.

Today was given a wonderful look inside Jordan's palatial estate, giving fans a stunning video that should shed some light on Jordan's lavish home.

Visit NBCNews.com for breaking news, world news, and news about the economy

End of Update---

Back in July, SportsGrid noticed the remarkable drop in price—the home had previously been placed on the market for a whopping $29 million. 

The Realtor.com listing for the property includes some of the home's more intriguing amenities, as well as a few stunning images that should have you well-to-do fans looking for the checkbook. 

Here is a look at the famed gate, via Sporting News:

If that doesn't have you excited to plunk down the mandated $250,000 to bid at the auction, perhaps the fact the home features nine bedrooms and 15 full bathrooms might. 

Jim Rogash/Getty Images

We might as well throw in the fact it includes an indoor pool, a tennis court, a pond and a putting green to sweeten the deal. 

For those curious, Jordan has decided to go to auction because that just seems like the way these things are done nowadays.

"Some of the best things in the world are sold at auction," he said, via The Wall Street Journal, "and I've seen that this is the beginning of a trend for selling unique, one-of-a-kind homes."

Of course, the fact that an $8 million reduction in the price didn't move the property may have helped the decision. 

Concierge Auctions will hold the auction on Nov. 22. As reported, there is no reserve that needs to be met, but there is the aforementioned deposit that must be placed before placing any bid. 

As for Jordan, he first moved into the Chicago home in 1994. However, he now lives in homes in North Carolina, where he attends to matters as the owner of the Charlotte Bobcats, and his new property in Jupiter, Fla., which he shares with his wife, Yvette Prieto.

The report also states that he has a vacation home in Utah, so another house in the Chicago area was a tad superfluous, even for the greatest of all time.

So if you have millions to spare and a hankering for a ridiculously ornate mansion, you can now own a really cool piece of basketball paraphernalia. As for the rest of us, we will stick to a Jordan replica jersey and leave the mansions to someone else.

 

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