A gate with the iconic number 23 at the home of basketball legend Michael Jordan. The house in Highland Park, Ill., failed to sell at auction on Monday.
This was no real estate slam dunk.
Michael Jordan's 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short.
The basketball legend's spokeswoman Estee Portnoy said nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago.
Portnoy said Concierge Auctions publicized Monday's auction well, but that market conditions aren't ideal. She said options for the property will be evaluated next year.
The former Chicago Bulls superstar's home -- with the player's iconic jersey number, 23, on the main gates -- originally was listed at $29 million in early 2012.
It has nine bedrooms, 15 full bathrooms, a pool pavilion and a regulation-size indoor basketball court. It also features what's described as a "gentleman's retreat," complete with a library, bar and the original doors from the Playboy Mansion in Chicago.
Jordan is currently owner of the NBA's Charlotte Bobcats.
First published December 17 2013, 6:34 AM