There’s a new future in store for Michael Jordan’s longtime Chicago-area mansion.

After sitting on the market for more than a decade, the basketball icon’s sprawling Highland Park property is becoming a luxury timeshare in the wake of selling for a fraction of its original price, according to a news release.

Real estate investor John Cooper snagged the 32,000-square-foot property, aptly named Champions Point, for $9.5 million in December 2024.

That’s a precipitous markdown from its eye-watering $29 million price tag when it first listed in 2012. Now, he’s slicing up the NBA legend’s former home and selling weeklong stays starting at $1 million apiece — plus a 2% cut of annual costs, which rounds out to about $25,000 per co-owner.

The home’s exterior.Champions Point00:0003:37

Week-long co-ownership shares start at $1 million plus 2% of annual expenses (about $25,000 per co-owner).Champions Point

The home occupies 32,000 square feet.Champions Point

“It’s an opportunity to own a piece of history and bring sports enthusiasts together through a unique co-ownership model,” Cooper said in a statement.

The mansion is tucked away on 7.39 acres about an hour north of Chicago. The property boasts nine bedrooms, 19 bathrooms and enough space to comfortably host 20 guests.

Michael Jordan.Getty ImagesThe grand foyer.Champions Point

The wine cellar.Champions Point

A lounge area.Champions Point

But it’s the jaw-dropping amenities that steal the show — a regulation-size basketball court, an infinity pool, a putting green, a tennis court, a home theater, and even a cigar lounge decked out with a humidor and leather poker tables.

Co-owners can pay extra to throw lavish events — think: weddings, holiday blowouts or black-tie charity galas.

Want a private chef or luxury transportation? That’ll cost an additional fee as well.

Cooper says he plans to honor the estate’s original design while giving it a modern twist.

The full-sized basketball court.Champions Point

One of several living areas.Champions Point

The kitchen.Champions Point

The dining room.Champions Point

“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,” he said.

“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.”

But owning a slice of MJ’s legacy comes with strings attached.

The game room.Champions Point

The fitness center.Champions Point

The billiards room.Champions Point

The outdoors.Champions Point

Buyers can only purchase one share per week (though they can bid on multiple weeks) and must sign a non-disclosure agreement.

Owners are free to sell their shares in the future, making this not just a vacation but potentially a lucrative investment.