Buyer of Michael Jordan’s $9.5 Million Chicago Estate Set To Sell Off Pieces of the Property

The buyer of the Michael Jordan‘s Chicago-area estate is looking to sell off pieces of the property—despite insisting he’d leave the mansion’s legacy intact.

Last month, new owner John Cooper said he does not foresee the mansion becoming his primary residence, but expected that he’d use it regularly.

“I’ll announce some exciting plans for the property in January. I do not have any major renovation plans. I will honor the property’s legacy. This place is great just the way it is,” he said at the time.

Now, Cooper plans to turn the superstar athlete’s property in Highland Park, IL, into a luxury timeshare. The offer of limited shares, with bids starting at $1 million, “is your chance to experience history and world-class living,” he said in a statement.

The Jordan property is now being dubbed “Champions Point.”

Cooper, a Lincoln, NE, native who has lived in Chicago for 10 years, is apparently a big fan of the NBA and a big fan of a deal: The partner at real estate company HAN Capital picked up the estate, which had been on the market for a decade, for $5 million less than its most recent list price of $14,855,000. (The numbers in the price tag add up to “23,” Jordan’s jersey number when he was with the Chicago Bulls.)

Over the years, the property’s ties to Jordan brought interest, but in the last decade, no deal.

Even a glimpse of the property during Jordan’s Bulls era through the documentary “Last Dance” didn’t lead to a sale.

The estate first came on the market in 2012 for $29 million, long after His Airness had left the Bulls and the area.

Over the years, the price was slowly reduced. Finally, in December 2024, Cooper pounced and scored with an even lower amount of $9.5 million.

Custom-built abode

The custom-built 56,000-square-foot abode on 7 acres offers nine bedrooms, 19 baths, a regulation-sized basketball gym, a circular infinity pool, a putting green, a tennis court, and a cigar room.

And soon, others may get to partake in the amenities of the exclusive estate. Play some hoops on Jordan’s personal court. Puff cigars in his humidor. And splash about in that circular pool.

There will be a limited number of co-ownership shares available, with bids starting at $1 million, plus 2% of annual expenses. This is an opportunity for “sports enthusiasts, entertainers, businesses, and luxury seekers a chance to own something truly one-of-a-kind,” according to the press release.

‘Own a piece of history’

Cooper, who is the manager of Champions Point, notes in a statement that the co-ownership model is a chance to be a part of sports history. Indeed, it could be the ultimate piece of sports memorabilia.

“We envisioned Champions Point as more than just a luxury property—it’s an opportunity to own a piece of history and bring sports enthusiasts together through a unique co-ownership model,” he 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 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.”

A timeshare to remember

For those sports enthusiasts with the means, a share in the property could be fun for all ages.

Each share grants access to the property for the same designated week annually.

Co-owners may invite up to 24 guests during their stay, the announcement states. For an additional fee, they will have the option to host events such as weddings, corporate retreats, holiday parties, and other special events.

“Luxury add-ons” for the stays could include private chefs, transportation, local event experiences, on-site services, and entertainment for “an additional cost.”

Co-owners will be able to access the deluxe amenities that Jordan built, including the professional-quality basketball court, the circular infinity pool with its own island, a putting green, a tennis court, a state-of-the-art home theater perfect for watching major sporting events, a hair salon, a commercial-sized fitness center, a wine cellar, and a cigar room complete with a humidor and custom leather poker tables.

Additionally, co-ownership shares can be resold in the future through a “structured process,” the statement notes, offering owners “flexibility and the potential to pass this exclusive opportunity to others.”

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