Michael Jordan is selling his Park City home for $7.5 million

Basketball legend Michael Jordan has decided to sell his Park City mountain retreat, the Los Angeles Times reported earlier this week. The five-bedroom, eight-bath home — with sweeping views of the Wasatch Mountains — is listed at $7.5 million.

The “stately, yet elegant,” multilevel retreat, at 7495 Purple Sage, was built in 2006 and offers more than 9,500 square feet of living space, according to a listing on Realtor.com. “It is modern elegance in mountain serenity.”

The home — also listed on Zillow and Redfin — is filled with luxurious amenities, including winding staircases, vaulted ceilings and floor-to-ceiling windows, as well as a gym, a room with a golf simulator and a theater with stadium seating.

Situated on 4-acre tree-filled lot near Park City’s Glenwild Golf Course, the home also features Italian marble, bamboo flooring, granite countertops, mosaic-tiled showers and jetted bathtubs.

Outside there is a cascading waterfall, built-in fireplace and an infinity pool.

On Saturday, Park City real estate agent Charlie Taylor, who is listing the home, told The Tribune that he and his partner, Jake Doilney, were unable to discuss the house due to privacy concerns of the client.

The hillside mansion, according to The Times report, is actually “owned through a limited liability company tied to Jordan and his associates.”

Jordan’s Park City retreat is significantly smaller than the 56,000-square-foot mansion that he has been trying to sell in his home state of Illinois, the Times notes. It has languished on the market for the past seven years.

Jordan might have similar problems in Utah, even though the sale of million-dollar homes continue to rise along the Wasatch Front, the Salt Lake Board of Realtors said in a statement this week.

In the first eight months of 2019 there were 268 sales of million-dollar homes in Salt Lake, Davis, Tooele, Utah, and Weber counties, a 23 percent increase from the same period last year.

In comparison, sales of homes priced under $500,000 in the same period were down 0.2 percent.

“Wealthy transplants from California and New York are fueling million-dollar home sales,” board president Scott Robbins, said in the statement. “Nearly three of every four homes sold above $1 million were priced from $1 million to $1.5 million."

However, Robbins noted, that "It remains somewhat of a challenge to sell a home above $1.5 million, even in today’s strong economy.”

Indeed, an online payment calculator estimates that with a 20% down payment — or $1.5 million — the monthly house payment would be almost $35,000 on Jordan’s Park City home.

Considered by many to be the greatest basketball player of all time, Jordan won six NBA championships, five MVP awards and 10 scoring titles during his career.

Yet, many Utah residents still have an uneasy relationship with His Airness, as he was responsible for the biggest sports letdown in state sports history. His jump shot in game 6 of the 1998 NBA Finals — with just 6.6 second on the clock — deflated the title hopes for the Utah Jazz and marked the end of an era for its two superstars, John Stockton and Karl Malone.