Overview of Champions Point
Michael Jordan, the NBA legend and former Chicago Bulls star, has etched his name in sports history, and his majestic mansion in Highland Park, Illinois, is a testament to his legacy. Spanning 32,000 square feet, this custom-built property, known as Champions Point, is a perfect blend of luxury and sportsmanship. Located approximately 40 miles from downtown Chicago, it epitomizes the lifestyle of an NBA superstar, complete with amenities designed for both relaxation and athletic prowess.
Recent Sales History and Co-Ownership Model
Champions Point, previously listed at a staggering $30 million, was eventually sold to local real estate investor John Cooper for $9.5 million. This significant price reduction presents a unique opportunity for potential buyers. However, rather than selling the property outright, Cooper is opting to establish a co-ownership structure, allowing multiple buyers to purchase shares starting at $1 million. This innovative model is aimed at making the famed estate more accessible, while also ensuring that the property is maintained and enjoyed by a community of sports enthusiasts.
A Shared Experience at a Historic Location
According to Cooper, Champions Point is more than just a luxury residence; it is a chance to be part of sports history and build a community among co-owners. His vision involves integrating modern technology into the property’s preservation, while ensuring that it retains its original design ethos. Cooper emphasizes creating a shared experience where many can come together to enjoy world-class amenities, all while forging connections reminiscent of the camaraderie often associated with sporting events.
Remarkable Features of the Mansion
The estate itself boasts nine bedrooms and 19 bathrooms, accommodating up to 20 guests comfortably. The property includes a range of amenities tailored for sports lovers, such as a full-size indoor basketball court — a nod to Jordan’s iconic jersey number, 23, prominently displayed at the entryway. Additionally, the mansion features a fitness center, putting green, and tennis courts that will attract both players and spectators alike.
Entertainment and Leisure Opportunities
Beyond the sports features, Champions Point provides a plethora of options for relaxation and entertainment. The estate has a cutting-edge home theater, an inviting in-ground pool, a wine cellar stocked for connoisseurs, and an upscale cigar room complete with a leather poker table. Moreover, co-owners can utilize the space for special events such as weddings or charity galas, complete with professional catering and entertainment services. This versatility underscores the mansion’s ability to host memorable gatherings and experiences.
Resale and Investment Potential
One of the notable aspects of the co-ownership model is the ability to resell ownership shares. This feature allows friends and families to enjoy week-long stays at this iconic home without the long-term commitment of purchasing the property outright. It also opens up an avenue for investment, as the value of ownership shares may appreciate over time, given the historic significance and luxury of the estate.
Conclusion
Champions Point offers a rare glimpse into the life of NBA royalty and presents a unique opportunity for potential buyers interested in luxury living with a sports twist. Through its innovative co-ownership model, this estate promises to deliver a shared experience while maintaining the legacy of one of basketball’s greatest players. Whether for relaxation, entertainment, or athletic pursuits, Champions Point stands to become a striking destination that brings together fans of all walks of life.
FAQs
1. What is Champions Point?
Champions Point is Michael Jordan’s former mansion in Highland Park, Illinois, spanning 32,000 square feet with luxury amenities tailored for sports and entertainment.
2. How can I become a co-owner of Champions Point?
Potential buyers can purchase ownership shares starting at $1 million, allowing them to enjoy a week at the property while sharing costs and responsibilities with other co-owners.
3. What amenities are available at the mansion?
The property features nine bedrooms, 19 bathrooms, a full-size basketball court, a fitness center, tennis courts, a home theater, an in-ground pool, a wine cellar, and a cigar room.
4. Can co-owners host events at Champions Point?
Yes, co-owners can use the property to host special events, including weddings and charity galas, with options for on-site catering and entertainment.
5. Can ownership shares be resold?
Yes, ownership shares can be resold, providing flexibility for co-owners and potential investment opportunities.
