Michael Jordan is really going on the next phase of his life. He has to leave the city that brought him to glory.

His Airness recently remarried (after settling a $168million divorce) and has a sprawling mansion in Florida.

He is currently the owner of the Charlotte Bobcats. He doesn't have any long-term reason to stay in Chicago. In his own words: "My kids are grown now and I don't need a large house in Chicago. It was time for some warmer weather down at my new home in Florida." 

The description of the house and the auctioneer details from Wall Street Journal: "The 7.39-acre property is in Highland Park, a suburb 30 minutes north of Chicago. The contemporary-style home has nine bedrooms and 19 bathrooms. According to the auction company, it also has a three-bedroom guest wing, an outdoor tennis court, pool pavilion and entertaining area, a deep water pond, putting green and three climate-controlled multicar garages.

Mr. Jordan bought the land on which the property was built in 1991. The home was finished a few years later, and he says he moved into the house in 1994. Mr. Jordan said he decided to sell the home at auction because "some of the best things in the world are sold at auction, and I've seen that this is the beginning of a trend for selling unique, one-of-a-kind homes."

New York-based Concierge Auctions will hold the live auction on Nov. 22 in cooperation with Ms. Malkin of Baird & Warner. There is no minimum reserve, but bidders will have the opportunity to submit opening bids before the auction. A $250,000 deposit is required to bid."