realestate

Former Chicago-area home of Michael Jordan hits the market

Luxury March Madness experience comes with a hefty price tag.

A
rare chance to live like a basketball legend has arrived, albeit for a fleeting moment. For the month of March, Michael Jordan's former Highland Park estate can be yours – at a staggering $230,000 price tag.

    After 12 years on the market, this 7-acre compound is finally being put to use as an ultra-exclusive rental. Dubbed Champions Point, it's a sports enthusiast's paradise, boasting a regulation-size indoor basketball court and professional-grade gym.

    The property's history dates back to the early '90s when Jordan built it with his then-wife, Juanita Vanoy. Despite its luxurious features – including nine bedrooms, 19 bathrooms, and an outdoor infinity pool – the estate failed to sell at its original asking price of $29 million in 2012.

    A savvy real estate investor, John Cooper, finally acquired Champions Point for a fraction of that cost – $9.5 million – in December. Now, he's offering a unique investment opportunity: selling stakes in the property that grant shareholders one week of residency per year.

    Before that kicks off, Cooper is opening up the estate to renters who can indulge in its opulent amenities, including a putting green, tennis court, home theater, and cigar lounge. For $230,000 – plus a $50,000 refundable deposit – tenants get full access to this 32,000-square-foot mansion.

    Located within a gated community, Champions Point offers the ultimate sports fan experience. And when you're not basking in its luxury, explore miles of scenic trails nearby or indulge in top-tier dining options in Highland Park, Highwood, and Lake Forest.

Michael Jordan's former Chicago-area home for sale, luxury estate on market.