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Holyfield Mansion Fails to Sell at Auction, Back on Market

Holyfield Mansion Fails to Sell at Auction, Back on Market


The legendary Evander Holyfield mansion in Fayetteville, Georgia is back on the market for $6.875 million, after failing to sell at auction. 

The opulent 44,000-square-foot mansion was purchased by JPMorgan Chase last year for $7.5 million, after Mr. Holyfield defaulted on his debt, estimated to be more than $14 million, according to Redfin

The pre-auction asking price was $7.89 million. Last month's auction garnered the high bid of $6.98 million, failing to reach an undisclosed minimum set up by the bank. 

Evander-Holyfield-mansion-pool.jpgIt seems the bank is now willing to sell for less since the new asking price is more than a million dollars less than before the auction. 

Sitting on 105 acres, the sprawling mansion is a favorite for Georgia's film industry and is known as the largest single family home in Georgia, according to the listing

The estate features 12 bedrooms, 21 bathrooms, a dining room to seat approximately 100 guests and one of the largest private pools in the U.S., with more than 350,00 gallons of water. The property includes a bowling alley, boxing ring, a 4,000-square-foot second home and a seven-stall barn.

 Mr. Holyfield, the former five-time heavyweight boxing champion, isn't the only sports star whose home is up for auction. Basketball legend Michael Jordan is searching for the highest bidder for his 56,000-square-foot compound in Chicago. The auction is now set for Dec. 16, 2013, reportedly with stronger than anticipated interest, Redfin reports. 

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