Michael Jordan had high hopes when he put his estate in suburban Chicago on the market, but he was once again disappointed when bidders failed to meet the reserve price during an auction on Monday, Dec. 16.
According to Forbes' Erin Carlyle, the Chicago Bulls legend’s 56,000-square-foot home in Highland Park was available for a lowered price of $21 million with a reserve price of $13 million, which is "the minimum price bidders must reach in order for the house to sell."
Jordan attempted to relinquish ownership of the nine-bedroom mansion back in February of 2012. Chris Isidore of CNN Money noted that the seven-acre estate, known as Legend Point, was originally put on the market for $29 million, but drew little interest.
In addition to the living quarters, the estate houses 15 full bathrooms, four half bathrooms, a regulation-size basketball court, putting green and tennis court. The signature gate at the end of the driveway has Jordan’s number, 23, emblazoned into the bars.