Longtime Chicago Anchor Diann Burns is putting an 80-acre estate in Michigan up for auction.
Burns was an anchor at No. 1 rated WLS from 1985 to 2003, when she moved to last place WBBM and worked until 2008.
At WBBM her five-year, $10 million contract made her Chicago's highest-paid broadcaster.
Now, she is selling one of her homes at an auction. The property, which has a main house and guest house (called the “game lodge”), a pool and tennis courts, is in southwest Michigan's Buchanan Township.
Burns previously had the estate on the market for as much as $6 million but will now sell it for the top bid above the "reserve" price of $2.25 million, according to Trayor Lesnock, president of Miami-based Platinum Luxury Auctions.
A reserve price is essentially a minimum below which the seller "is not obligated to sell but may elect to," Lesnock said. If the top bid is above the reserve, he said, "our seller is obliged to sell, according to the terms of our contract."
The auction is scheduled for July 29.
Burns bought the land in the late 1990s, Lesnock said. He added he did not know what Burns paid for the property.
She later built or remodeled the 5,900-square-foot main house and built the guest house, pool, gazebo and oversized driveway that doubles as a basketball court, Lesnock said. The property also has two stocked fishing lakes, three natural springs and several miles of trails, according to the listing.
In other words, it's a carbon copy of the FTVLive compound...you know minus the guest house, tennis court, basketball court and stocked lakes.