HoopsHype Real Estate rumors

December 17, 2013 Updates

Michael Jordan’s 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short. Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago. Chicago Sun-Times

December 16, 2013 Updates

Michael Jordan’s 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short. Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago. Portnoy says Concierge Auctions publicized Monday’s auction well, but that market conditions aren’t ideal. She says options for the property will be evaluated next year. The former Chicago Bulls superstar’s home originally was listed at $29 million in early 2012. Chicago Sun-Times

The Chicago-area mansion belonging to American basketball star and NBA franchise owner Michael Jordan goes up for auction on Monday, according to a real estate auction house. The 56,000-square-foot (5,200 square-meter) home on more than seven acres (3 hectares) in the northern Chicago suburb of Highland Park has a regulation-size basketball court, a putting green, tennis court, nine bedrooms and 15 full and four half bathrooms. The estate is scheduled to be auctioned Monday night live for in-person bidding and by phone, said Lauren Hovey, a spokeswoman for the auctioneer, Concierge Auctions. Toronto Sun

The Jordan home, known as Legend Point, was previously offered for $29 million, according to New York-based Concierge. It includes a "gentlemen's retreat" with a billiard parlor, library, full wet bar, and the original doors from the Chicago Playboy Mansion. Toronto Sun

December 15, 2013 Updates

We don't want to speak ill of the dead or the SoCal legend, but long-time Lakers owner Jerry Buss, who died earlier this year, built himself a pretty hideous mansion in Playa del Rey back in 1998. (Someone obviously disagrees--after just a week on the market, the house has a pending sale.) It comes with seven bedrooms, nine and a half bathrooms, and 10,846 square feet with a three-stop elevator, a library, game room with bar, four-car garage, rooftop deck with spa, a pretty insane master suite with a spiral staircase and marble bath and shower surrounded by, naturally, columns. But the columns and the fountains and the tiling, and the weird beams don't stop there! They are literally everywhere. Asking price is $5.95 million. Los Angeles Curbed

December 13, 2013 Updates

O.J. Mayo’s contract with the Milwaukee Bucks runs all of three seasons, but that didn’t stop the talented NBA guard from putting down roots in Wisconsin. If nothing else, Mayo will be living comfortably during his stay in Brew City. The 26-year-old guard recently made a big-time purchase, picking up a five-acre property in the River Hills suburb of Milwaukee. Built in 1995, the home is a modern take on the Prairie School style and incorporates classic Prairie attributes such as horizontal lines, inlaid windows and a prominently pitched roof. It has five bedrooms, five bathrooms, two fireplaces and over 9,000 square feet of living space. Realtor

December 2, 2013 Updates

NBA star Richard Hamilton has relisted his Maryland waterfront mansion for sale at an asking price of $3.99 million. The basketball player first decided to part with the property, dubbed "The White House," in 2010 when he listed it for an asking price of $4.5 million. Not receiving any positive response, he removed it from the market a few months later. Now, the property is back in the market and reports have it that the sports-star has received an offer for the house for $3.75 million, which is $245,000 less than the asking price. Realty Today

November 22, 2013 Updates

Michael Jordan's 56,000-square-foot mansion in Highland Park — complete with an NBA regulation-size basketball court — will be put up for sale during a live auction Friday. No minimum bid has been set for the superstar's 7.4-acre estate at 2700 Point Lane, but prospective buyers are required to put down a $250,000 deposit just to participate in the bidding, said Laura Brady, president of New York-based Concierge Auctions. First placed on the market in March 2012, the fully furnished "Legend Point" estate failed to sell for its listing price of $29 million. At the time it was the highest-priced home in the Chicago area, with property taxes set at $165,224 in 2010, according to public records. Chicago Tribune

November 21, 2013 Updates

Michael Jordan’s 56,000-square-foot mansion in Highland Park — complete with an NBA regulation-size basketball court — will be put up for sale during a live auction Friday. No minimum bid has been set for the basketball superstar’s 7.4-acre estate at 2700 Point Lane, but prospective buyers are required to put down a $250,000 deposit just to participate in the bidding, said Laura Brady, president of New York-based Concierge Auctions. Originally placed on the market in March 2012, the fully furnished “Legend Point” estate failed to sell for its listing price of $29 million. At the time, it was the highest-priced home in the Chicago area, with the tax bill on the property set at $178,900 in 2012, according to public records. Chicago Tribune

Rasheed Wallace owes more than $150,000 in unpaid property taxes. His wife submitted an electronic payment last week for $34,686 dollars but when the county went to get the funds, they were told the account is not valid. It’s possible that because an electronic payment was made, the wrong account number could have been entered by mistake. We've all made typos, but the taxes remain unpaid. kgw.com

November 20, 2013 Updates

Kevin Durant may bank millions of dollars, but that doesn’t mean the Oklahoma City Thunders all-star is going to undervalue his possessions. Case in point being KD’s home in OKC. The NBA superstar purchased the estate, located in an upscale neighborhood of northwest Oklahoma City, in 2011 for $1.799 million and listed the home in late September for $1.95 million. Fast forward to today and Durant apparently sees more value in his suburban dwelling: he’s now asking nearly a quarter-million more for his suburban spread – $2.195 million. Realtor

In addition to his Oklahoma City moves, Durant also completed a final pass in Seattle earlier this year when he handed off his luxury home on Mercer Island. Originally drafted by the SuperSonics in 2007, Durant played a lone season for the Emerald City franchise before it was relocated to Oklahoma City. He listed the King County contemporary home in March 2012 for $2.799 million. It eventually sold it in February 2013 for $2.435 million. Realtor

November 12, 2013 Updates

The most recognizable name on a list of the biggest property tax dodgers in Multnomah County is former Trail Blazer Rasheed Wallace. He owes more than $150,000 on a nearly 9,000 square foot house in Southwest Portland, according to Multnomah County records. Wallace made about $80 million during his time with the Blazers. According to the county, there are liens against the property. After three years, the county can go to court and get a judgment. After six years of nonpayment, the county can auction off a property. The county says Wallace last made a payment in 2011. KATU.com

November 8, 2013 Updates

Khloe Kardashian and Lamar Odom are packing it in -- we've learned they are secretly selling their Tarzana mansion. Real estate sources tell TMZ ... Khloe has given several San Fernando Valley realtors a pocket listing -- meaning the house will not appear in the multiple listing service. It's being done on the down low. Any prospective buyer must pre-qualify before seeing the house, meaning they must have the dough to buy the crib. We're told Khloe and Lamar want a cool $4 mil for the house. They paid $3.95 million in 2009. Our sources say Khloe is the driving force behind the sale, telling realtors she wants to "start fresh and move on." TMZ.com

November 7, 2013 Updates

Khloe Kardashian and Lamar Odom are packing it in -- we've learned they are secretly selling their Tarzana mansion. Real estate sources tell TMZ ... Khloe has given several San Fernando Valley realtors a pocket listing -- meaning the house will not appear in the multiple listing service. It's being done on the down low. Any prospective buyer must pre-qualify before seeing the house, meaning they must have the dough to buy the crib. We're told Khloe and Lamar want a cool $4 mil for the house. They paid $3.95 million in 2009. TMZ.com

November 5, 2013 Updates
October 30, 2013 Updates

With a new four-year, $48 million contract in hand, Andre Iguodala of the NBA’s Golden State Warriors can afford the finer things in life, including a luxury home in the Oakland hills. While teammate Steph Curry eyes a Bay Area penthouse flip, the All-Star swingman is settling into his new surroundings nicely with a new home purchase. Iguoadala recently paid $1.84 million for a Mediterranean contemporary home in Berkeley, Calif. Located in Claremont Hills, the same affluent suburb where Oakland A’s manager Bob Melvin bought a home in February, the 2001 build offers five bedrooms, five bathrooms and nearly 5,000 square feet of living space. The home features a chef’s kitchen and a 5.1-kilowatt solar installation, and each of its three floors open onto balconies with unobstructed views of the Bay Bridge and water. Realtor

October 27, 2013 Updates

One thing we haven't talked to you about is your decisions with real estate. You've purchased some property in the area and sold another. Is there anything you can tell us about what that all means? Kevin Durant: I mean, nothing really. Nothing, to be honest. Like I said, I'm always moving so I guess I like the feel of it being new I guess. But every time I move it was about location, how close it is to the gym, how close it is to the practice facility, how big the house is. And with my mom and my brother starting to move out of the house I started to downsize a little bit and get something a little bit more homey just for myself. But living in almost every part of the city I feel like has helped me get more acquainted with the people, directions and just seeing parts of the city I never thought I would be around. So living downtown now is quite an experience because I see so many people and see so many different things. I don't feel secluded. When I was living out in Edmond, in the Gaillardia area, I felt so far away from the people. But now I feel right in the mix so it feels cool. Oklahoman

October 23, 2013 Updates

The seven-bedroom Burr Ridge mansion that former Chicago Bulls center Eddy Curry lost to foreclosure in March 2012 has been listed for $3.999 million. A Bull from 2001 until 2005, Curry, 30, now plays basketball in China. He last played in the NBA in late 2012. In 2006, Curry paid $6.2 million for the newly built mansion. Chicago Tribune

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.