EXCLUSIVE: Buyer of Michael Jordan’s $9.5 Million Mansion Cuts $230K-a-Month Rental Price by $50K After Failing To Find Tenant

The businessman who purchased NBA legend Michael Jordan‘s beleaguered Highland Park, IL, mansion for the heavily discounted price of $9.5 million has now had to implement his own discount after putting the iconic property on the rental market for an eye-watering $230,000 a month.

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Nebraska native John Cooper purchased the nine-bedroom, 19-bathroom mansion in December—paying just over half of the most recent $14.89 million asking price for the dwelling, which had been on the market for 13 years.

Initially, he vowed to protect the Chicago-area home’s enduring legacy—although he noted that he had some “exciting plans” for the future of the home.

The first of those plans was revealed just weeks later, when Cooper announced he would be selling off pieces of the property in an auction with the aim of turning at least part of the home into a luxury timeshare.

At the same time, he revealed that he has renamed the property Champions Point.

The man who bought Michael Jordan’s iconic Chicago-area mansion has slashed his rental listing price by $80,000. (Realtor.com) Nebraska native John Cooper purchased the nine-bedroom property in December 2024, paying a discounted price of $9.5 million—and quickly set about removing many of Jordan’s personal touches, including his Jumpman logo on the basketball court. (Realtor.com) Despite promising to honor the legacy of the home, Cooper then announced plans to offer up pieces of the property in a luxury timeshare scheme. (Realtor.com) Soon after, he put the home up for rent for $230,000 a month.(Realtor.com)

Then, just a few weeks later, he put the home on the rental market—billing it as a “once-in-a-lifetime opportunity to rent a gated, world-class estate, meticulously designed for those who live and breathe sports.”

The price for such first-class sporting surroundings? $230,000 per month.

But after failing to find a tenant willing to fork over that sky-high amount, Cooper has dramatically reduced that price, relisting the sprawling mansion with a monthly cost of $150,000.

When he first listed the home for rent, Cooper also shared images of the updates he has made to the interior. They revealed new furniture additions and a fully renovated kitchen with many modern amenities.

However, the listing photos revealed one very surprising update to the dwelling: the removal of Jordan’s iconic “Jumpman” logo from the center of the in-house basketball court.

Despite promising to honor Jordan’s legacy, the court’s center circle has been covered over to eradicate the silhouette of the NBA icon.

Similarly, the listing description makes no mention of Jordan’s former ownership of the home, instead attempting to appeal to a wider variety of sports fans, beyond those who may have been devotees of the NBA legend or his former team, the Chicago Bulls.

“Champions Point is a sports lover’s sanctuary, featuring a regulation-sized basketball court, championship-level putting green, tennis court, fitness center, and gaming areas,” the listing notes. “The ultimate retreat—elevate your game-day experience like never before. Watch every buzzer-beater, Cinderella story, and championship moment unfold in your private sports haven.

“Whether you’re courtside in your own regulation-sized indoor basketball arena, hosting an epic viewing party in the state-of-the-art theatre, or celebrating victories in the luxury cigar lounge and wine cellar, every moment at Champions Point is designed for those who demand excellence—on and off the court.”

Cooper, who hails from Lincoln, NE, but has lived in Chicago for 10 years, is understood to be a longtime fan of the NBA and Jordan’s former team—and seemed overjoyed when he managed to snag the sporting legend’s home at a very discounted price.

At the time, he stated that he did not foresee the mansion becoming his primary residence, but insisted that he was going to use it regularly—although it is unclear whether he still hopes to spend as much time in the dwelling now that he’s offering it to prospective tenants.

“I’ll announce some exciting plans for the property in January. I do not have any major renovation plans. I will honor the property’s legacy. This place is great just the way it is,” he said shortly after buying the home.

However, after the property failed to attract a tenant, the rental price has been reduced to $150,000 a month.(Realtor.com) Although Cooper has listed the home for rent, the timeshare program is still active. (Realtor.com) New listing photos reveal that Cooper made several updates to the home—the most significant of which can be seen in the kitchen, which has been given a modern transformation. (Realtor.com) Jordan’s property spent a staggering 13 years on the market before Cooper purchased it. (Realtor.com)

In January, he announced his timeshare opportunity, which offers others investors the chance to partake in the amenities of the exclusive estate. Play some hoops on Jordan’s personal court. Puff cigars in his humidor. And splash about in that circular pool.

When announcing the timeshare, Cooper said that there would be a limited number of co-ownership shares available, with bids starting at $1 million, plus 2% of annual expenses. He described it as a chance for “sports enthusiasts, entertainers, businesses, and luxury seekers a chance to own something truly one-of-a-kind,” according to a press release issued at the time.

Cooper, who is the manager of Champions Point, added in a statement that the co-ownership model was a chance to be a part of sports history.

“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,” he said.

“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.

“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.”

Each share would grant access to the property for the same designated week annually.

Co-owners may invite up to 24 guests during their stay. For an additional fee, they will have the option to host events such as weddings, corporate retreats, holiday parties, and other special events.

“Luxury add-ons” for the stays could include private chefs, transportation, local event experiences, on-site services, and entertainment for “an additional cost.”

Co-owners will be able to access the deluxe amenities that Jordan built, including the professional-quality basketball court, the circular infinity pool with its own island, a putting green, tennis court, a state-of-the-art home theater perfect for watching major sporting events, a hair salon, a commercial-sized fitness center, a wine cellar, and a cigar room complete with a humidor, and custom leather poker tables.

Additionally, co-ownership shares can be resold in the future through a “structured process,” the statement went on , offering owners “flexibility and the potential to pass this exclusive opportunity to others.”

Despite the home being put up for rent, the timeshare opportunities are still available, according to the Champions Point website.

Charlie Lankston is the executive editor at Realtor.com. She previously worked at DailyMail.com as the associate editor, covering a wide range of topics, including news, celebrities, travel, lifestyle, and the British royals. In 2019, she was part of the DailyMailTV team that won a Daytime Emmy Award for Outstanding Entertainment News Program. Charlie earned a BA in English Literature and Theatre Studies from the University of Warwick and an MA in Newspaper Journalism from City University in London. Originally from London, she has been based in New York City for 10 years.