The man who bought Michael Jordan’s $9.5million mansion has been forced to slash rent prices after putting the house on the market for $230,000 a month.
Jordan finally sold the nine-bedroom, 19-bathroom property back in December – after 13 years of waiting.
Businessman John Cooper paid $9.5m for the mansion – barely half of the $14.89m asking price.
According to Realtor.com, he put it on the rental market for $230,000 a month but, after failing to find a tenant, he has cut the price to $150,000.
Cooper has renamed the mansion ‘Champions Point’ and, according to the rental advert, it offers tenants ‘a once-in-a-lifetime opportunity’ to enjoy a house ‘meticulously designed for those who live and breathe sports.’
Built in 1995, the estate includes a basketball court, putting green, tennis court and a gym, as well as an infinity pool, theatre, wine cellar, a cigar room and the iconic ’23’ gates out front.
The man who bought Michael Jordan’s $9.5million estate has been forced to slash rent prices
The sprawling estate includes a basketball court, putting green, tennis court and a gym
Yvette Prieto and Michael Jordan are pictured at the Cincoro Tequila launch in 2019
Businessman John Cooper paid $9.5m for the mansion – barely half the asking price
‘Champions Point is more than just a residence—it’s a haven for sports lovers, blending the thrill of the game with an immersive, one-of-a-kind experience,’ the Champions Point website says.
‘This estate delivers the ultimate setting for those who live and breathe sports.’
Cooper previously announced he would be auctioning off pieces of the property. Last month it was revealed that he is offering $1m timeshares that would allow co-owners one week of access every year.
The ‘unique opportunity’ would give co-owners the chance to experience the estate ‘at a fraction of the cost and without the worry of coordinating the daily upkeep and management often required from a large permanent residence.’
Co-owners can invite up to two dozen guests and they have the option to host events including weddings at Champions Point. Among the ‘luxury add-ons’ available are private chefs.
Updated photos, meanwhile, show that Jordan’s iconic logo has been removed from the center of the basketball court. The NBA legend is not mentioned in the rental advert for the property, either.
After buying the property, Cooper promised to ‘honor the property’s legacy,’ insisting at the time: ‘This place is great just the way it is’
Cooper has renamed the mansion, which was first built back in 1995, ‘Champions Point’
‘This estate delivers the ultimate setting for those who live and breathe sports,’ it’s claimed
Cooper is offering $1m timeshares that would allow co-owners one week of access every year
Those who stay at Champions Point can also enjoy the use of an indoor fitness center
Originally from Nebraska, Cooper has lived in Chicago for ten years and is a big fan of Jordan’s.
‘I remember seeing the home for sale and thinking how cool it would be for the person that buys the home,’ he told the Lincoln Journal Star.
‘My favorite player to watch was always Jordan. He made shots that seemed impossible, and he got it done on defense too,’ he added.
Cooper, a partner at HAN Capital real estate company, bought the property for $9m – it was originally listed for $29m.
Jordan spent almost all of his NBA career with the Chicago Bulls, winning six NBA titles. But he has primarily lived in his native North Carolina in retirement.
