Michael Jordan’s Former Estate can be Rented for March Madness

Basketball fans with deep pockets can live like a legend, at least for a month.

The Highland Park estate that Michael Jordan sold last year is hitting the rental market for March, asking $230,000 for the month, Crain’s reported.

Dubbed Champions Point, the 7-acre property features a nine-bedroom, 32,000-square-foot mansion packed with luxury amenities. John Cooper, a real estate investment executive, purchased the estate, at 2700 Point Lane, from Jordan in December for $9.5 million ($297 per square foot), a fraction of the $29 million asking price when the Chicago Bulls legend and NBA G.O.A.T. first listed it over 12 years ago.

Jordan had the home built in the early 1990s with his then-wife Juanita Vanoy.

“This is for March Madness,” said Carrie McCormick, the @properties Christie’s International Real Estate agent representing the rental.

The mansion offers an indoor basketball court, a fully equipped workout gym and an outdoor pool. Renters will need to pay the full $230,000 upfront, along with a $50,000 refundable deposit, McCormick noted.

Cooper has been exploring ways to capitalize on the property’s prestige. He also plans to sell million-dollar time shares, giving buyers an annual one-week stay at the estate.

For now, the home is available as an extravagant short-term rental, surrounded by a 97-acre nature preserve with wooded trails and close to the Skokie Valley Bike Trail. Nearby towns like Highwood, Lake Forest, Bannockburn and Northbrook offer dining options.

Chicago’s luxury market is on the upswing, particularly in neighborhoods like Near North Side, Lincoln Park and the North Shore suburbs.

A lakefront mansion in Winnetka asking $35 million, went under contract for $35 million earlier this month, and a sale near that price would break the area’s home sale record.

Besides that, a Lincoln Park mansion sold for $15 million, marking it as one of the priciest transactions in the city. And GD Holdings has sold several luxury condo units at the St. Regis Chicago.

—Rachel Stone