Basketball legend Michael Jordan or MJ has failed to sell his luxury home at auction. The 56,000 sq ft, 9-bedroom, 15-full-bath, 4-half-bath mansion in Chicago’s Highland Park, is the highest-priced property in the neighbourhood.

The home was first listed for $29 million in February 2012, but then the price was dropped to $21 million. According to Forbes, Estee Portnoy, a spokesperson for Jordan, said in a statement “We are disappointed that the high bid in today’s auction of Michael Jordan’s residence in Highland Park did not meet the reserve price. We will be evaluating options for the property in the new year.”

Set on 7.39 immaculately landscaped acres just north of Chicago, the longtime personal residence of Michael Jordan offers the ultimate in privacy and luxury, says Concierge Auctions, the firm trying to sell the property.

They add: “While many areas of the home provide a cozy, intimate setting for friends and family, the public living areas welcome guests to expansive, light-filled rooms. Floor-to-ceiling windows frame the family room, an exercise in understated elegance with plush carpeting, built-in aquarium, and a fireplace. Likewise, in the soaring two-story living room, a series of ten floor-to-ceiling windows makes the dramatic outdoor landscaping as much a part of the room as the cove ceilings and circular design.

“Steps away from the living room is the formal dining room. Here, the vast ceiling height drops to create a warm ambience, ripe for conversation over dinner and drinks. The room can display large works of art with ease, each piece highlighted with quality lighting.”

For further information on this property, visit conciergeauctions.com

Images courtesy of Concierge Auctions