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NBA legend loses $1 million on Portland mansion
11:46 AM PDT on Wednesday, June 6, 2007
PORTLAND, Ore. -- Former NBA star Scottie Pippen took a bath -- to the tune of $1 million -- on his 18,700 Portland mansion featuring six full bathrooms and three half-baths.
AP File
Chicago Bulls' Scottie Pippen talks to younger teammate Jamal Crawford during a timeout.
Pippen and his wife, Larsa, sold their 2.28-acre estate in the city's West Hills last month for $2.95 million. They bought it in 2000 for $4 million.
Portland's real estate market has defied the national turndown, but things are different with big houses at the high end, real estate agents told The Oregonian newspaper.
"You're trying to find a buyer that wants that location in a house that big," said Veronica Story, the agent who sold the house. "Those buyers are few and far between."
The 1996 house has a gated entrance, circular driveway and fountain. A detached building houses an indoor sport court, weight room, aerobics room, fully wired media room with a kitchen, a locker room with a steam shower and sauna.
The Pippens moved out in 2003, after the Chicago Bulls hired him back from the Portland Trail Blazers.
They didn't list it for sale until about a year later, for $3.9 million.
The new owners are Florida transplants Razvani and Felicia Andreescu, whose children are grown, said Story. The couple have bought a Willamette Valley vineyard and are building a winery.
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