Wealthy basketball fans will soon have the unique opportunity to vacation in Michael Jordan’s former home as real estate investor John Cooper has decided to convert the property to a luxury timeshare.
Cooper purchased the property in December 2024 for $9.5 million — a $5 million drop from the property’s most recent asking price of $14.8 million.
“We envisioned Champions Point as more than just a luxury property—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 press statement.
What Timeshare Owners Get
Interested timeshare owners will place bids to purchase a piece of the property. Bidding prices begin at $1 million along with a 2 percent share of annual costs.
Located in Highland Park, right outside of Chicago, the seven-acre estate includes a 56,000 square foot mansion with nine bedrooms and 19 bathrooms. Other features of the residence include a basketball court, infinity pool, putting green, cigar room and tennis court.
“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,” Cooper said. “By preserving the property’s original prestige while integrating modern technology, we’re ensuring that Champions Point continues to be a place where extraordinary memories are made for years to come.”
Both businesses and individual buyers will have the chance to own a share in the residence, providing them the opportunity to use the property for a specific week every year. Timeshare holders will be able to invite up to 24 guests during their weekly stay. In addition to a weekly stay co-owners can pay for amenities such as a private chef and transportation.
And for an additional cost, timeshare holders will have the opportunity to host events such as retreats, sports watch parties, weddings, bar mitzvahs and fundraisers at the estate.
Over A Decade With No Deal
In 1991, Jordan, and his ex-wife Juanita purchased seven acres of land for $2 million. By 1995, the couple had custom-built an estate for their family. But in 2012 — six years after Jordan and Juanita divorced — he decided to sell the property.
Initially, Jordan listed the property for $29 million, but despite the anticipated fanfare, very few buyers were attracted to the property. Over the next 12 years, Jordan decreased the asking price. In 2013, he dropped the price twice, first to $21 million and then to $16 million. The residence was even placed on auction for a bidding price starting at $13 million but there were no takers. Fast forward to 2024, and the property attracted the eye of Cooper, who persuaded Jordan to drop his asking price of $14.8 to $9.5 million.
