No One Wants Michael Jordan’s Old House

Even after a modest price reduction, the house that was once home to arguably the greatest player ever to grace the hardwood is still for sale. Michael Jordan's 56,000-square-foot home in suburban Chicago has failed to sell at auction after the bidding fell short, according to the Associated Press.

The 7-acre estate in Highland Park, north of Chicago, which was originally listed at $29 million in early 2012, didn't fetch the reserve price of $13 million, Estee Portnoy, Jordan's spokeswoman, told the AP.

Concierge Auctions publicized Monday's auction well, said Portnoy, but she believes that market conditions aren't the best. Options for the property will be evaluated next year.

If any readers are interested in purchasing the home, it has nine bedrooms, 15 full bathrooms, a pool pavillion and a regulation-size indoor basketball court. It also features what's described as a "gentleman's retreat," complete with a library, wet bar and the original doors from the Playboy Mansion in Chicago, the AP reports.

Read more at the Associated Press.