Karl Malone mansion sells at auction for $2.75 million

SALT LAKE CITY, UTAH -- Basketball legend Karl Malone's Salt Lake City mansion sold for $2.75 million Thursday in an auction that attracted 12 bidders from Utah, California and Florida.

""We set out to sell the home at the market price, and with a nationwide campaign that drew a strong field of bidders, we're satisfied that we achieved that,"" said Thayne Fisher, vice president of Malone Properties, which manages Malone's real estate holdings.

Bidding opened at $1.5 million and quickly moved to $2 million, finally working its way to the final sale price. Purchasing the home was Dwight Manley, of Newport Beach, Calif. Manley -- a sports agent whose client list has included Malone, Donyell Marshall, Byron Russell and Dennis Rodman -- bid by telephone from California.

Fisher said he had not been aware that Manley was interested in the home until 24 hours before the auction. ""In retrospect, it's not surprising. He's been a guest in the home and always loved it, so he felt that at that price, he'd like to own it,"" said Fisher.

Auctioneer Craig King said he was pleased with the outcome. ""We had a strong crowd, and the bidding started out very briskly, so it was clear from the outset that we'd have a good sale,"" said King.

In all, more than 100 people -- including auctioneers, bidders and guests -- gathered at the home, which has an indoor basketball court, steam room, sauna and huge living areas with massive wood beams and columns, according to King. It has eight bedrooms, five fireplaces, a shooting range, and an outdoor pool and poolhouse.


Recent Headlines

J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million
J.P. King Auction Company Takes Calabria Ranch Estate Homes to Auction
J.P. King Auction Company Announces Historic Tapoco Lodge and Two Waterfront North Carolina Properties Auction for more than $4 Million
J.P. King Auction Company to Auction Historic Tapoco Lodge in North Carolina
Mountain Masterpiece Estate Auctions for $1.072 Million
J. P. King Auction Company Sells Peters Township Home for $3.44 Million
Prime Location 390 Acre Development Land with Montgomery Motorsports Park to Sell at Absolute Auction


Copyright © 2016 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy