Michael Jordan's Mansion Failed To Sell At Auction

By Lisa White in News on Dec 18, 2013 7:00PM

Michael Jordan’s suburban mansion failed to sell at auction earlier this week after the reserve price was not met. The Sun-Times reported that Jordan spokeswoman Estee Portnoy stated that nobody offered the reserve price of $13 million for the seven-acre estate just north of Chicago, located in Highland Park in the North Shore. Portnoy went on to say the auction was publicized well but the market conditions aren’t ideal, and that options for the property will be evaluated next year.

As we pointed out earlier this year, the mansion is situated on seven acres and includes nine bedrooms, 15 full bathrooms and four half-baths, a regulation indoor basketball court, in-ground pool, tennis courts and an outdoor fireplace. The house was originally listed for $29 million in early 2012 but after being unable to sell the house Jordan decided to put it up for auction and stated the following:

“Some of the best things in the world are sold at auctions, and I’ve seen that this is the beginning of a trend for selling unique, one-of-a-kind homes.”

I think Preston Truman might agree with Jordan that some of the best things in the world are sold at auctions. Truman seems to be stealing all the Jordan luck lately. Outside of his Bulls career and his run as the baron of itchless t-shirts for Hanes, Jordan hasn’t had the best luck. With a mediocre baseball career and his ownership of the Charlotte Bobcats, his choices haven’t been pitch perfect. His bloated mansion might be added to that list soon, since no one made an offer that was over half off the original listing. We’re not the target demographic for buying mansions, but it doesn’t take a millionaire to know these numbers are not ideal.