After sitting on the market for more than a decade, the basketball icon’s sprawling Highland Park property is becoming a luxury timeshare.

Chicago-area real-estate investor John Cooper closed on the home, named Champions Point, at the beginning of December, buying it for $9.5 million, records show. He got a steep discount for the Highland Park mansion, which was initially asking $29 million when it was first listed in 2012, Mansion Global previously reported .

You can now own a share of Chicago Bulls legend and NBA Hall of Famer Michael Jordan's former suburban home. The man who bought the Highland Park estate is selling shares for "Champions Point."

The co-ownership shares give buyers a week of access to the property each year, including an option to host events there for an extra fee.