The basketball legend’s Highland Park, Illinois, property, which has been off the market for more than a decade, is now a timeshare with shared ownership starting at $1 million, plus 2 percent annual payments. It takes.
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Michael Jordan’s legendary Chicago-area mansion has found a buyer in late 2024, after more than a decade on the market. The property, called Champions Point, now offers co-ownership opportunities, according to a statement.
The property, located at 2700 Point Drive in Highland Park, Illinois, is currently being solicited for limited shared ownership, with bids starting at $1 million, plus 2 percent annual expenses, and one shared owner. It is estimated at $25,000 per person. Shares are limited to one per purchaser, but individuals may bid on multiple weeks.
“This is an opportunity to own a piece of history and bring sports enthusiasts together through a unique co-ownership model,” Cooper said in a statement.
Chicago-area real estate investor John Cooper bought the 32,000-square-foot property on Dec. 10 for $9.5 million, well below its original listing price of $29 million in 2012. Mansion Global reported on Friday.
Built by Jordan in 1994, Champions Point sits on 7.39 acres and has nine bedrooms, 15 bathrooms and sleeps up to 20 guests.
The property features a gated entrance emblazoned with Jordan’s number 23, a regulation-sized basketball court, a circular infinity pool and a trophy room. Other great amenities include a tennis court, a luxurious home theater, and a cigar lounge with a custom leather poker table.
Co-owners can use the property to host events such as weddings, sports parties, and charity functions, but additional fees may apply. Luxury add-ons such as private chefs, pre-arranged meals, and on-site entertainment also come at an additional cost.
“Our goal is to create a shared experience where our co-owners enjoy unparalleled amenities and the sense of connection and community that comes with it. By integrating modern technology while preserving the property’s original design, , we ensure that Champions Point continues to be a place where special memories are made for years to come,” the statement reads.
To further protect our property, the Estate has strict privacy measures in place. Initially, prospective buyers were required to sign a non-disclosure agreement (NDA), but the same requirement now applies to co-owners.
Co-owners and their guests may take photos and videos of the property, but these activities are subject to restrictions.
Additionally, co-owners will have the option to sell their shares in the future.
Email Richelle Hamiel
