Want a stake in Michael Jordan's Highland Park mansion? New owner says he's selling shares at $1M
If you want to live like a basketball champion, now’s your chance.
The new owner of Michael Jordan’s longtime home in Highland Park announced Friday that bidding is open for ownership shares of the property, which he’s branding as Champions Point.
Bidding starts at $1 million and a “limited number” of shares are available, though the exact amount wasn't specified. Champions Point did not immediately respond to a request for comment.
John Cooper, a suburban real estate executive who purchased Jordan’s sprawling mansion for $9.5 million in December, said Champions Points is an opportunity to bring sports enthusiasts together and own a piece of history. The property was built in 1995 after Jordan announced his return from his first retirement.
“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,” Cooper said in a news release. “By preserving the property's original prestige while integrating modern technology, we're ensuring that Champions Point continues to be a place where extraordinary memories are made for years to come."
Co-owners of the former Jordan estate will be given access to the property for the same week every year. They can bring up to 20 guests, including children, and can host events such as weddings, corporate retreats and more for an additional fee.
There’s also “luxury add-ons,” like private transportation, cooking and events. Co-owners have to pay 2% of the estate’s annual expenses, which Champions Point estimates will cost about $25,000 per year for each owner.
Those looking to bid are encouraged to bid on multiple weeks, which can be resold in the future.
Cooper, a partner at Lincolnwood-based HAN Capital, purchased the 2700 Point Lane estate on December 10, 2024. The 56,000-square-foot mansion first went on the market in 2012, It went through numerous price reductions before Cooper's purchase. The home went under contingent contract in September with an estimated asking price of $14.9 million.
Cooper told his hometown paper, the Lincoln Journal Star, he was “thinking how cool it would be for the person that buys the home” when it hit the market in 2012. He also said he had no renovation plans for the more than 7-acre property and wanted to honor its legacy.
The custom-designed mansion has nine bedrooms and 15 bathrooms. It also has a basketball court, cigar room, movie theater, putting green, tennis court and swimming pool.