realestate

Lincolnshire businessman purchases Michael Jordan's Highland Park estate

A Lincolnshire real estate executive bought Michael Jordan's Highland Park mansion for $20 million below its initial price.

R
eal estate executive John Cooper, 42, purchased Michael Jordan's Highland Park mansion at 2700 Point Lane for $9.5 million, significantly less than its initial listing price of $29 million in 2012.

    The property, which sits on seven acres, was first listed for sale over a decade ago and had undergone several price reductions before selling earlier this month. The most recent listing price was $14.855 million, but it ultimately sold for nearly $20 million less than that.

    Cooper, who is a General Partner of HAN Capital, said he plans to honor the property's legacy and make no major changes. He celebrated his 42nd birthday at the mansion before purchasing it.

    The custom-designed property features a regulation-sized basketball court, circular infinity pool, putting green, tennis court, and cigar room. It has nine bedrooms, 19 bathrooms, and attached parking for 14 cars. The home was built in 1995 and underwent remodeling in 2009.

    In April 2023, the property experienced a break-in by two suspects, an adult and a juvenile, prompting a police response. Officers arrested Raiden K. Hagedorn, then 18, of Mundelein, in connection with the incident. He was charged with criminal trespass to occupied residence and two counts of criminal damage to property.

    Cooper is an avid sports fan and has expressed his enthusiasm for owning the historic property. The mansion's listing described it as a "physical monument" to Michael Jordan's dedication and hard work.

Lincolnshire businessman buys Michael Jordan's Highland Park mansion in Chicago suburb.