HoopsHype Real Estate rumors

February 8, 2014 Updates

From estate sale to home sale, former NBA player Michael Finley is clearly looking to deal. After selling off an “NBA Showtime” arcade game and other assorted artifacts from his playing career at his Dallas residence in October, the retired shooting guard has slashed the price of his house in San Antonio. The former Mavericks and Spurs great had hoped to bank as much as $1.5 million when began shopping the half-acre property in 2011. Since then, however, Finley has shaved nearly $400,000 off his original ask — including a February adjustment of nearly $200,000 — bringing the current listing price to $1.099 million. Of the amenities found inside Finley’s 5,421-square-foot spread, none stand out more than his in-house movie theater, which looks primed for a marathon reel of his career highlights. Other luxuries within the four-bedroom, four-bathroom include various living rooms, a game room, a large kitchen and a master suite with walk-in closets. Realtor

January 29, 2014 Updates

Things are apparently winding down on Winding Lane for former NBA star David Robinson. Two years removed from selling his Texas-sized mansion on 1 Admiral Lane, the San Antonio Spurs legend is once again looking to deal. Since announcing his NBA retirement in 2003 the Hall of Fame basketball player and two-time Olympic gold medalist — who earned the nickname “The Admiral” because of his service in the U.S. Navy — has dabbled in everything from philanthropy to financial advisory to, most recently, the world of venture capitalism. Robinson now looks to raise some capital after listing his San Antonio home for $3.695 million. While not quite as large as his previous home, a 12,500-square-foot custom manse, his latest property certainly isn’t lacking in size. Sited on two acres in Shavano Park, The Admiral’s Mediterranean-style home weighs in comfortably at 8,175 square feet of living space and has five bedrooms, five full bathrooms and three fireplaces. Realtor

Dwyane Wade and his ailing knees aren’t having the best week, but at least the Miami Heat have one less thing to worry about off the court. Wade, who was relegated to bench duty this week after experiencing knee pain, has sold his townhome in Chicago. A native of The Windy City, Wade paid $1.425 million for the brick-lined townhouse in the summer of 2010. At the time, the purchase raised eyebrows given the guard’s free-agent status and the Chicago Bulls’ plethora of cap space. However, Wade ultimately chose to re-sign with Miami, where he joined with Chris Bosh and LeBron James to form the Heat’s “Big 3.” Wade’s residence, built in 2000, is located near Kinzie Park in the River West District, an area along the Chicago River and near the East Bank Club. Its 3,900-square-foot floor plan contains a host of amenities, including a state-of-the-art kitchen with wine cooler, a wet bar and a rooftop terrace with views of the river. Realtor

January 23, 2014 Updates

Jim Buss may not be making any major changes to the Los Angeles Lakers roster anytime soon, but the executive vice president of player personnel is going all-in on upgrading his real estate portfolio. Showing off some of that “Showtime” panache, Buss has made a total of five multimillion-dollar purchases in Los Angeles and Orange County over the past few months while also listing a luxury home over the same time period. The Los Angeles Times details the spending spree, which included a $4.05 million penthouse purchase at The Ritz Carlton Residences at L.A. Live and a quartet of buys in Dana Point totaling $13.53 million. Realtor

Dwyane Wade, a Chicago native and major part of three Miami Heat NBA championship teams, has sold his four-bedroom town house in Chicago's River West neighborhood for $1.66 million. Wade, 32, recently became engaged to actress Gabrielle Union. He also owns a six-bedroom, 12,520-square-foot mansion in Miami Beach, Fla., that he bought in late 2010 for $10.6 million. Chicago Tribune

January 16, 2014 Updates

They do things bigger in Texas, plain and simple. Just look at the sprawling mansion-estate owned by former San Antonio Spurs star and NBA coach Avery Johnson. The 5-foot-11 Johnson went by the nickname “Little General” during his playing days, but there’s nothing little about his 14,396-square-foot manse in The Woodlands, TX. Designed by Jauregui Architect in 2003, the athlete’s home certainly doesn’t skimp on the finer things in life. Marble flooring, grand pillars, detailed molding and murals exude a Grecian-style vibe, and cavernous ceilings and tall windows give the interior a spacious air. Realtor

No expense was spared on amenities, either. Situated on 1.69 acres that overlook the 17th hole of the golf course designed by Jack Nicklaus for The Club at Carlton Woods, the oversized residence features a wood-paneled office and library that spans two floors, basketball-court-themed bedrooms, a theater room, and a game room with a wet bar. Outside, the property has a full basketball court and sports area, a motor court and a pool with water features. The Little General’s mansion first marched onto the market last summer with a price tag of $9 million. But after roughly six months with no sale, it appears Johnson has set his sights a bit lower. The property now lists for $7.5 million. Realtor

January 8, 2014 Updates

Known as one of the best all-around basketball players in the NBA, Golden State Warriors swingman Andre Iguodala is now demonstrating his versatility off the court, particularly in the arena of real estate. After shelling out $1.84 million on a posh Mediterranean home in the hills of Berkeley earlier this year, Iguodala is now looking to get into the rental game. The All-Star wing is asking $6,700 a month to rent his 4,000-square-foot home in Sherman Oaks, CA, a neighborhood of Los Angeles. Built in 2008, the gated five-bedroom home features hardwood flooring, a chef’s kitchen and a master suite with a walk-in closet, patio access and a soaking tub and shower. Outside, the grounds offer ideal space for entertaining with a plus-sized patio, rolling green lawns and the quintessential baller amenity: a basketball hoop. Records show the home last changed hands in 2008 for $1.05 million. Realtor

January 2, 2014 Updates

National Basketball Association (NBA) team the Sacramento Kings have signed a partnership with The Krrish Group, an Indian real estate company. The Kings are owned by Indian-born Vivek Ranadive (left in picture), who previously revealed plans to build the team's brand internationally. Sportspromedia.com

December 19, 2013 Updates

It didn’t take long for Paul Millsap to find a new home with the Atlanta Hawks this off-season. Now all the NBA forward has to do is part ways with his old one — the home he’s trying to sell in Sandy, UT. A 2006 second-round pick, Millsap spent seven seasons with the Utah Jazz before inking a two-year, $19 million contract with the Hawks in July. He waited all of two months before listing the gargantuan 11,797-square-foot home outside Salt Lake City. Located 19 miles south of EnergySolutions Arena, the Millsap mansion sits on a secluded one-acre lot at the mouth of Cottonwood Canyon. The home has six bedrooms and eight bathrooms and luxury features that include 10-foot vaulted ceilings, a walkout basement with a movie theater, and the one amenity no basketball player should be without: the indoor hardwood. Realtor

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

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