Someone Will Be Spending 1 Week A Year At Michael Jordan's Iconic Highland Park Mansion

HIGHLAND PARK, IL — The new owner of Michael Jordan's Highland Park mansion announced plans to turn the property into a timeshare.

Lincolnshire real estate executive John Cooper, a partner at Lincolnwood-based firm, last month purchased His Airness' 56,000-square-foot estate for $9.5 million, more than $5 million under the asking price.

Cooper, 42, a native of Lincoln, Nebraska, was first identified as the new owner of the Land of Lincoln's most famous athlete last month by the Lincoln Journal-Star. He told the paper he did not plan to move in and hinted at "exciting plans" for the property.

Now, Cooper is accepting bids on shares starting at $1 million — plus 2 percent of the total annual expenses of the 7.4-acre estate — for the privilege of spending a week as a guest in his house. The "co-ownership" scheme allows for one week per buyer or family, who are permitted to invite up to 24 guests. (Following the publication of this article, a spokesperson for Cooper told Patch only 20 guests would be allowed.)

Events like weddings, family reunions, corporate retreats, sports watch parties, Bar Mitzvahs and more can be held for an additional fee, according to statement from Cooper, who has branded Jordan's 2700 Point Lane mansion as "Champions Point."

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“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 statement.

Stays will run from Wednesday to Wednesday, with private chefs, pre-stocked food and drinks, luxury transportation, "local experiences, and on-site entertainment" also available for additional cost.

“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," he said.

Cooper, 42, is a general partner at HAN Capital, a private equity firm that owns, develops and operates self-storage, RV parks, campgrounds and manufactured housing, including 35 Heartland Storage facilities across 10 states, according to Inside Self-Storage.

Jordan's mansion includes a basketball court, tennis court, swimming pool, a putting green and a cigar lounge. It was first listed in 2012 with an asking price of $29 million. The price remained at just under $14.9 million for nearly a decade before Cooper's offer was accepted in September.

According to the timeshare announcement, shares can be "resold through a structured process." Stays are due to begin in March.

"By preserving the property’s original prestige while integrating modern technology," Cooper said, "we’re ensuring that Champions Point continues to be a place where extraordinary memories are made for years to come."