Fresh twist in Michael Jordan’s former $22m Chicago mansion

Fresh twist in Michael Jordan’s ex $22m home. Picture: Supplied

The buyer of Michael Jordan‘s Chicago 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,” he said at the time.

“I will honour the property’s legacy. This place is great just the way it is”

Michael Jordan finally sells Chicago mansion after 12-year wait

Jordan’s longtime jersey number appears on the gates of the property. Picture: Realtor

Michael Jordan’s home is at the center of a TikTok scandal after a user claimed to have broken in and filmed it. Picture: Realtor

Michael Jordan’s home is at the centre of a TikTok scandal after a user claimed to have broken in and filmed it. Picture: Realtor

Now, Mr Cooper plans to turn the NBA legend’s property into a luxury timeshare, Realtor reports.

The offer of limited shares, with bids starting at $US1 million ($A1.6 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.”

Mr Cooper, who has lived in the Chicago area for the past 10 years, snapped up the estate, which had been on the market for a decade, for $US5 million ($A8 million) less than its most recent list price of $US14.8 million ($A22 million).

Over the years, the property brought interest, but no deal in the last decade.

The estate first hit the market in 2012 for $US29 million ($A42 million), long after His Airness had left the Bulls and the area.

Over the years, the price was slowly reduced. Finally, in December 2024, Mr Cooper pounced and scored with an even lower amount of $US9.5 million $A14.9 million).

Inside Michael Jordan’s $103m private jet

Jordan’s property listing showcases several stunning living spaces. Picture: Realtor

Jordan’s property showcases several stunning living spaces. Picture: Realtor

The NBA legend’s home had been on the market since 2012. Picture: Realtor

Custom-built abode

The custom-built abode has nine bedrooms, 19 baths, a regulation-sized basketball gym, a circular infinity pool, a putting green, a tennis court, and a cigar room.

There will be a limited number of co-ownership shares available, with bids starting at $US1 million ($A1.6 million), plus 2 per cent 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.”

Michael Jordan looking to score a buyer for his $10.91m Park City house

There are nods to the basketball legend throughout the property. Picture: Realtor

The home’s large gym. Pictures: Getty/Realtor/Compass

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 theatre perfect for watching major sporting events, a hair salon, a commercial-sized fitness centre, 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.”

Parts of this story first appeared in Realtor and were republished with permission.

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