In case you thought Michael Jordan’s infamous Highland Park mansion was destined to be unsellable forever, think again. Enter John Cooper, a bold real estate investor who snagged the property. Cooper, who announced plans to revamp the estate when the purchase was finalized, has finally pulled back the curtain on what could be a groundbreaking strategy for the property.

The details came to light through an Instagram post by Luxury Listings, where they revealed, “Renamed ‘Champions Point’ by its new owner, real estate investor John Cooper, the property offers shares starting at $1 million.” Cooper’s plan seems to turn the mansion into a high-end shared experience, with each share providing “one designated week per year at the estate, along with the ability to host up to 20 guests.”

But wait, it gets even better. According to the post, Cooper secured the property for a jaw-dropping $9.5 million, a far cry from its original $29 million listing price. Yet, with up to 52 shares available, each priced at $1 million, the new venture could generate over $52 million in revenue. Talk about flipping a loss into an opportunity!

So one thing is clear, despite Michael Jordan pouring millions into building this masterpiece back in 1993, Cooper has no interest in preserving it as a private residence. Cooper previously assured everyone, “I do not have any major renovation plans. I will honor the property’s legacy. This place is great just the way it is.”

By keeping the mansion’s legendary charm intact while monetizing it creatively, Cooper might just make history while celebrating Jordan’s iconic legacy.

Cooper’s big plans for former Jordan mansion

It’s not every day you meet someone with a story like John Cooper’s. Originally from Nebraska, Cooper moved to Chicago over a decade ago and has been a lifelong Michael Jordan fan. “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. Fast forward to today, and that “cool” buyer is none other than Cooper himself.

The timing couldn’t have been more poetic. In 2022, after the loss of his father, Cooper began envisioning what it would be like to own such an iconic piece of basketball history. “My favorite player to watch was always Jordan,” Cooper shared. “He made shots that seemed impossible, and he got it done on defense too.” Little did he know, the Highland Park mansion would soon belong to him.

But while Cooper and his wife Catherine, along with their three kids, plan to stay in their primary residence in Chicago, they aren’t letting the mansion gather dust. Contractors have been brought in for some necessary tune-ups, small repairs, and upgrades to the audio and video systems, especially since the property faced a break-in last year and showed signs of wear.

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Now, the mansion is already buzzing with life. Shortly after buying it, Cooper hosted basketball and golf parties and even celebrated his 42nd birthday there. From the regulation-sized court to the putting green, it’s clear he’s embracing everything this iconic estate has to offer—and then some.