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Pippen loses $1M on sale of Portland mansion

PORTLAND, Ore. -- Former NBA star Scottie Pippen took a bath
-- to the tune of $1 million -- on his 18,700-square-foot Portland
mansion featuring six full bathrooms and three half-baths.

Pippen and his wife, Larsa, sold their 2.28-acre estate in the
city's West Hills area last month for $2.95 million. They bought it
in 2000 for $4 million.

Portland's real estate market has defied the national downturn,
but things are different with big houses at the high end, real
estate agents told The Oregonian.

"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 sports 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 2005, 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.

Pippen, from Hamburg, Ark., played at Central Arkansas.