Michael Jordan’s former mansion in Chicago is mysteriously off the market again after the most recent buyer struggled in his attempts to turn the property into luxury timeshares and Airbnb rentals.
Once priced at $29 million, the home was sold by Jordan to Chicago Bulls fan John Cooper in 2024 for just $9.4 million.
At the time, Cooper told Realtor.com he had no plans to make the property his primary residence. Instead, he initially wanted to carve up the estate into $1 million luxury timeshares – a plan that was later blocked by the Highland Park City Council. Later, he hoped to offer it as a rental for basketball fans.
‘A once-in-a-lifetime opportunity to rent this gated, world-class estate, meticulously designed for those who live and breathe sports,’ read the rental listing, which first offered monthly stays for $230,000 before dropping the price to $89,000.
Cooper is also trying to offer tours of the property with the proposed addition of a 120-foot pedestrian path to a nearby public nature preserve. The Highland Park City Council has not yet given its approval for this plan.
For now, though, time shares and rentals are no longer being offered. The Daily Mail has reached out to Cooper’s real estate investment firm, HAN Capital, for comment.
Cooper, who paid $9.5m for the mansion, wanted to transform it into an ‘immersive’ museum
The buyer of Jordan’s $9.5million Chicago mansion first wanted to make it a tourist attraction
Jordan famously sold the nine-bedroom, 19-bathroom home in December 2024 after 13 years of waiting.
One month later it was revealed that Cooper, who renamed the pad ‘Champions Point’, was offering $1m time shares that would allow co-owners one week of access to MJ’s former mansion every year.
Yet according to Sportico, shortly after the city council blocked his timeshare plan, Cooper requested a zoning amendment and access to a nearby nature preserve in order to revamp it into a tourist attraction.
In an 18-page document he pitches the concept as a ‘unique destination designed to inspire personal transformation’ and described Champions Point as a ‘dynamic cultural institution where architecture, sports and philanthropy will converge to deliver an immersive, multi-sensory experience focused entirely on personal transformation.’
It went on to add that the property would be a ‘living platform dedicated to guiding every patron to realize their untapped potential and actively experience greatness from within.’
Jordan, pictured alongside his model wife Yvette Prieto, sold the mansion last December
Jordan’s former home comes with its very own indoor basketball court and putting green
The estate was listed on Airbnb. Fans could ‘live like a legend’ according to the former listing
Once priced at $29 million, the home was sold to John Cooper in 2024 for just $9.4 million
Cooper’s pitch deck made no reference to the legendary basketball player who lived there.
His initial concept involved selling off $1m equity time-share stakes, with each of them granting buyers one week of annual access to the 56,000-square-foot mansion.
Despite the Jordan appeal, paying seven figures to spend a week in the Chicago suburbs proved a hard sell. Then the city council put the final nail in the coffin by amending the municipal zoning code to prohibit timesharing in single-family homes.
The vote was in direct response to his Champions Point proposal.
After being dealt that setback, Cooper started offering the property as a short-term rental at $150,000 for a single month or $89,000 per month over six-to-nine-month leases. It is unclear how many tenants he attracted, if any.
