Prince's Paisley Park property could reportedly soon be listed for sale on the open market - but his family are unhappy about the idea.

The estate in Minnesota, which was built in 1988, was where the chart-topping performer produced a number of his biggest hits during his career, yet according to TMZ, it could soon be sold off by a court as Prince's estate is divided up.

The property is reportedly among a number of homes that the bank which is looking after Prince's estate has filed legal papers asking the court to sell.

According to the gossip website, the court papers say, in reference to the home: ''The properties that the special administrator is currently anticipating will be sold, and the appraised value of same are listed in spreadsheet attached as Exhibit A.''

Paisley Park has reportedly been valued at around $7 million, with the website claiming the bank has enlisted an estate agent to help with the sale process.

The report comes shortly after a judge dismissed the claims of more than 30 people who claimed they were entitled to a portion of the late singer's estate, which is estimated to be worth in the region of $300 million.

Since Prince's death in April, the special administrator of his affairs has filed a legal request to start selling some of his real estate holdings, with the singer reported to have also owned properties in Beverly Hills, New York and elsewhere.

However, his family are apparently keen to ensure that the iconic Paisley Park estate does not feature as part of the auction.

It has been suggested the family are keen to explore the idea of turning the estate into a museum in memory of the 'Purple Rain' star, who died from a fentanyl overdose aged 57.