Michael Jordan’s $9.5M Chicago Estate: New Buyer Plans to Divide and Sell Property

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Michael Jordan’s legendary Chicago-area mansion, now under new ownership, is set to take on an exciting new life. John Cooper, the new owner, plans to convert the iconic estate into a luxury timeshare, offering a rare opportunity for fans and luxury seekers to own a piece of sports history.

A Vision for “Champions Point”

Cooper acquired the property in December 2024 for $9.5 million, a significant drop from its original 2012 listing price of $29 million. Despite initially expressing his intent to preserve the property’s legacy without major changes, Cooper’s plans have evolved.

The estate, now rebranded as “Champions Point,” will offer limited co-ownership shares starting at $1 million each. “This is your chance to experience history and world-class living,” Cooper announced.

His vision for Champions Point is to create an exclusive community where co-owners can enjoy unparalleled amenities while being part of a unique sports legacy.

A Property Steeped in Luxury and History

The custom-built 56,000-square-foot mansion sits on 7 sprawling acres in Highland Park, IL. Constructed during Jordan’s Chicago Bulls era, the estate boasts extraordinary features that reflect the basketball legend’s opulent lifestyle:

  • Nine Bedrooms and 19 Bathrooms: Spacious accommodations fit for royalty.
  • Regulation-Sized Basketball Court: Play hoops where Jordan himself trained.
  • Circular Infinity Pool: A stunning pool with its own island.
  • Tennis Court and Putting Green: Outdoor leisure activities at their finest.
  • Cigar Room and Wine Cellar: Lavish spaces for relaxation and entertainment.
  • Commercial-Grade Fitness Center: State-of-the-art workout facilities.
  • Home Theater: Perfect for watching major sporting events or hosting movie nights.

These amenities have made the property a coveted destination for fans of luxury and sports enthusiasts alike.

A Unique Co-Ownership Opportunity

Cooper’s innovative co-ownership model aims to make Champions Point accessible to a select group of individuals. Shares will grant co-owners access to the estate for a designated week each year. Owners can bring up to 24 guests and even host special events such as weddings, corporate retreats, and holiday parties for an additional fee.

Optional luxury add-ons include private chefs, premium transportation, curated local experiences, and on-site services, ensuring a bespoke experience for each stay.

“Champions Point is more than just a property,” Cooper explained. “It’s an opportunity to own a piece of history and create extraordinary memories in a one-of-a-kind setting.”

Photo Credit: Shutterstock

Preserving the Legacy

Cooper emphasizes his commitment to maintaining the estate’s original grandeur while incorporating modern technology to enhance the co-ownership experience. The timeshare model allows co-owners to enjoy the property’s luxury while fostering a sense of connection and community among sports enthusiasts and high-profile individuals.

A Timeshare with Flexibility

The co-ownership model also offers flexibility. Shares can be resold through a structured process, providing owners with the opportunity to transfer this exclusive privilege to others. This feature ensures the estate’s value and accessibility remain intact for years to come.

A Decade-Long Journey to a Sale

The journey to this transformation has been long. Michael Jordan initially listed the estate for $29 million in 2012, but despite its ties to the basketball legend, it lingered on the market for over a decade.

Price reductions and high-profile marketing efforts, including a feature in the “Last Dance” documentary, couldn’t secure a buyer until Cooper’s offer of $9.5 million—a full $5 million below its most recent list price.

Interestingly, the property’s final sale price—$9.5 million—echoes Jordan’s iconic jersey number 23 when digits are added together.

A Once-in-a-Lifetime Opportunity

For those who have admired Jordan’s unparalleled career or simply seek a luxurious retreat, Champions Point offers an extraordinary opportunity. From the chance to shoot hoops on Jordan’s personal basketball court to unwinding in the cigar room, every element of this estate is a testament to excellence.

Whether you’re a sports enthusiast, an entertainer, or a business leader, Champions Point promises a blend of history, luxury, and community like no other.

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Akshay Kumar

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