Michael Jordan’s Former Home Converted to a Luxury Timeshare; Bidding for Weekly Stays Begins at $1 Million

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.& & CHARLOTTE, NC – FEBRUARY 16: Michael Jordan speaks at the All Star Breakfast held by the National Basketball Retired Players Association at the Renaissance Charlotte Suites Hotel on February 16, 2019 in Charlotte, North Carolina. (Photo by John McCoy/Getty Images) 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...