CHICAGO (AFP) - Basketball great Michael Jordan's luxurious Chicago mansion will be sold at auction next week, his agent said Friday.

The sprawling estate in the upmarket suburb of Highland Park had previously been offered with a listing price of US$29 million (S$36 million) but failed to sell.

Dubbed Legend Point, the nine-bedroom home sits on 2.99ha and features a regulation-size NBA-quality basketball court, a pool pavilion, a tennis court, a putting green and a guest house.

"I have so many amazing, happy memories of my life in the house over the years," Jordan said in a statement. "It's where my kids grew up. It's where I lived during my championship years."

But despite the business interests which still tie Jordan to Chicago, he said the house is too big now that his children are grown.

Remodelled in 2011, the 'family area' features floor-to-ceiling windows, a built-in aquarium and a fireplace.

The lower level of the home has a card and cigar room, a wine cellar and a fully-equipped beauty salon.

The gate is adorned with the number 23 in the same design which marked his Chicago Bulls jersey.

The modern 56,000-square-foot estate will be sold at auction with no reserve on November 22.