Michael Jordan’s Former Chicago Mansion Is Becoming a $1-Million-Per-Week Timeshare
Michael Jordan custom built this mansion in Illinois, and now, you can live like NBA royalty at a fraction of the cost.
The Chicago Bulls star’s former home in Highland Park, roughly 25 miles outside of the Windy City, is looking for a new owner—or rather, owners. Jordan’s longtime estate, better known as Champions Point, was finally taken off the market last December after it sold to local real estate investor John Cooper for $9.5 million, Bloomberg reported at the time. Cooper actually nabbed the abode at discount, considering its initial asking price was around $30 million. Despite finding a buyer, Cooper is opening the place up exclusively to bidders willing to shell out $1 million to spend a week at the iconic address. The seven-acre property will operate similar to a timeshare, with co-owners helping to cover annual expenses.
More from Robb Report
The 20 Most Anticipated Restaurant Openings in the U.S. This Year
This 120-Year-Old Gatsby-esque Mansion Near Chicago Can Be Yours for $15 Million
Michael Jordan and Cristiano Ronaldo Both Fly Gulfstream Jets With Custom Liveries
RELATED: Pacaso Just Unveiled a New Collection of Co-Owned Luxury Vacation Homes
“We envision 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,” explains Cooper, who’s now the manager of Champions Point, in a press 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 design while integrating modern technology, we’re ensuring that Champions Point continues to be a place where extraordinary memories are made for years to come.”
Altogether, the 32,000-square-foot residence holds nine bedrooms and a whopping 19 bathrooms, so it’s large enough to accommodate up to 20 guests at a time. Of course, there are tons of amenities for like-minded sports buffs, including a full-size basketball court, a fitness center, a putting green, and a tennis court. Most notably, the front gate dons a “23,” which fans will recognize as the basketball legend’s jersey number.
There are perks for non-athletic types too, like a state-of-the-art home theater, an in-ground swimming pool, a wine cellar, and a cigar room with leather poker tables. Plus, for an additional fee, the property can be used by co-owners to host special events like a wedding or charity gala with a private chef and on-site entertainment.
According to Cooper, co-ownership shares are allowed to be resold, so you can offer friends the opportunity to live like Mike—albeit for a week.
Click here to see more photos of Champions Point.
Best of Robb Report
Sign up for RobbReports's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.