The ultimate piece of Prince memorabilia -- a 20-acre spread of land in Chanhassen, Minnesota, where Prince's mansion once stood -- was scheduled to hit the auction block on May 13th after the property fell into foreclosure. However, the Purple One swooped in today to pay off the $368,000 he owed on the mortgage. The foreclosed acreage did not include Prince's famed Paisley Park Studios. Instead, this patch of land was simply home to a gatehouse, a tennis court, and a large empty lot where Prince razed his former mansion in 2005, the Star Tribune reports. Still, it was Prince's tennis court.
Prince has been bouncing between Los Angeles and his native Minnesota in recent years, and forgetting to pay his property taxes has become an annual occurrence. Eleven months ago, Prince was late on a $1.3 million payment, this time on the land where Paisley Park Studios resides. Like this latest scare, he settled his debts before losing the property, ensuring there might again be basketball games between the Revolution and Eddie Murphy's crew along the shores of Lake Minnetonka.
[Photo: Paul Natkin/WireImage.com]