After more than 12 years on the market, Michael Jordan’s longtime Chicago-area mansion finally sold at the end of 2024. Now, it’s available again, but this time, for co-ownership.
Chicago-area real-estate investor John Cooper closed on the home, named Champions Point, at the beginning of December, buying it for $9.5 million, records show. He got a steep discount for the Highland Park mansion, which was initially asking $29 million when it was first listed in 2012, Mansion Global previously reported.
Cooper is turning the more than 32,000-square-foot megamansion into a timeshare, and bids for weeklong shares are available starting at $1 million, plus 2% of annual expenses, estimated at approximately $25,000 per co-owner, according to a news release on Thursday.
The full-size basketball court.
Champions Point
“It’s an opportunity to own a piece of history and bring sports enthusiasts together through a unique co-ownership model,” Cooper said in a statement. “Our goal is to create a shared experience where co-owners can enjoy unparalleled amenities and also the sense of connection and community that comes with it. By preserving the property’s original design while integrating modern technology, we’re ensuring that Champions Point continues to be a place where extraordinary memories are made for years to come.”
With nine bedrooms and 19 bathrooms, the home can accommodate up to 20 guests, according to the release. Co-owners can also pay a fee to host events, such as weddings, holiday parties and charity galas, and add-ons like private chefs and transportation are available for an additional cost.
The mansion sits on 7.39 acres about an hour north of Chicago, and it features an array of amenities including a full-size basketball court, an infinity pool, a putting green, a tennis court, a home theater and a cigar room, complete with a humidor and leather poker tables.
Co-owners are able to sell their shares in the future, and each buyer is limited to purchasing one share, though they can bid on multiple weeks. All co-owners will be required to sign an NDA, the property’s website notes.
