The businessman who finally purchased Michael Jordan’s iconic Highland Park, Illinois, mansion that had been on the market for 12 years at a hefty discount is now facing his own financial challenges. John Cooper, a Nebraska native and real estate executive/partner at HAN Capital, purchased the sprawling estate for $9.5 million in December 2024. After announcing he would turn it into an exclusive and expensive short-term rental property, he has had to reduce the rental price after struggling to find a tenant.
Marked Down
Originally listed for a whopping $230,000 a month, the rental price of the mansion — now dubbed “Champions Point” — has been cut by $50,000, bringing it down to $180,000 per month. He also wanted to offer timeshare opportunities starting at $1 million.
The home, which boasts nine bedrooms and 19 bathrooms spread across 56,000 square feet, was once the crown jewel of Jordan’s real estate portfolio. However, it lingered on the market for over 13 years before Cooper scooped it up for just over half of the most recent $14.89 million asking price.
Cooper initially expressed his intention to preserve the legacy of the estate while integrating modern upgrades. Since acquiring the property, he has made several changes, including removing Jordan’s iconic “Jumpman” logo from the in-house basketball court. The center circle, once dominated by the silhouette of the NBA legend, now bears a sleek, neutral design.
Cooper also announced plans to convert part of the estate into a luxury timeshare, offering investors a chance to co-own the property with bids starting at $1 million, plus a 2 percent share of annual expenses. He marketed the timeshare as a rare opportunity for sports enthusiasts to immerse themselves in an elite sports sanctuary, complete with a professional-quality basketball court, an infinity pool, a putting green, a tennis court, a state-of-the-art home theater, a cigar lounge, and more.
