After languishing on the market for more than a decade, the legendary basketball facility in Highland Park, Illinois, is now a time zone, with co-ownership starting at $1 million, and annual fees of 2 percent.
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Michael Jordan’s Chicago mansion found a buyer in late 2024 after more than a decade on the market. Now, the estate, called Champions Point, offers opportunities for co-ownership, according to the statement.
The property, located at 2700 Point Drive in Highland Park, Illinois, is now offering limited partnership ownership, with bids starting at $1 million, plus 2 percent of the annual fee, which averages $25,000 per owner. Shares are limited to one buyer, although people can bid on multiple weeks.
“It’s an opportunity to make history and bring sports enthusiasts together through a unique co-ownership model,” Cooper said in a statement.
Chicago-area investor John Cooper bought the 32,000-square-foot property on Dec. 10 for $9.5 million, down from its original 2012 price of $29 million, Mansion Global reported Friday.
Built by Jordan in 1994, Champions Point covers 7.39 acres, and includes 9 bedrooms and 15 bathrooms, accommodating up to 20 guests.
The estate has a gated entrance with Jordan’s number 23, a full-size basketball court, a circular swimming pool and a trophy room. Other outstanding amenities include a tennis court, a state-of-the-art home theater and a cigar lounge equipped with custom leather poker tables.
Co-owners can use the estate to host events, including weddings, sports viewing parties and charity galas, although additional fees may apply. Luxury extras like private chefs, pre-prepared meals and on-site entertainment also come at an additional cost.
“Our goal is to create a shared experience where our partner owners can enjoy unparalleled amenities and the sense of community that comes with it. By maintaining the original design of the property while incorporating modern technology, we ensure that Champions Point continues to be a place where wonderful memories are made for years to come,” according to the statement.
To further preserve the site, the estate enforces strict privacy measures. While potential buyers were originally required to sign a non-disclosure agreement (NDA), the same requirement now applies to co-owners.
Owners and their guests may take photos and videos of the property, but these activities will be subject to restrictions.
Additionally, co-owners will have the option to sell their shares in the future.
Email Richelle Hammiel
