Deion Sanders desperately wants to liquidate his 5,000 sq. ft. condo in Dallas -- putting the luxury property up for sale smack in the middle of his bitter divorce proceedings ... for way less than the market value.
Deion listed the condo -- located in the swanky celeb-filled Azure building -- back in March ... soon after his divorce from estranged wife Pilar went nuclear, when Pilar claimed Deion's aunt had attacked her in her own house.
Deion listed the home for $4.8 million -- but according to a realtor for Azure, the property is valued at roughly $6.5 million. In fact, Deion's neighboring unit is currently listed for exactly that amount.
And not only is he lowballing his own property, we're told Deion's doing some last minute renovations to speed up the sale -- such as re-plastering the pool.
Good thing too ... because this week, a judge ordered Deion to pay $10,000-a-month in child support and cough up another $275,000 for Pilar's attorneys' fees.