The California ranch the late King of Pop Michael Jackson called Neverland has been listed to sell for $100 million. The eventual buyer will acquire a 2,700-acre California estate, the Wall Street Journal wrote in an exclusive report Thursday.
It may not be cheap, but the price could have been higher if Neverland were still as magical as it once was. The property doesn’t have as many exotic animals -- remember the elephants and orangutans? -- as it used to, and there are no longer amusement park rides. The name was also changed to the less-glamorous Sycamore Valley Ranch, according to Suzanne Perkins of Sotheby’s International Realty, who shares the listing with Harry Kolb of Sotheby’s and Jeffrey Hyland of Hilton & Hyland.
Still, there are glimmers of Neverland as it was when Jackson created it. For instance, interested buyers will still see a train track and train station, the floral clock that reads “Neverland" and the Neverland Fire Department building, even though it doesn’t contain a full staff of firefighters.
The price tag has drastically jumped since Jackson purchased it in 1987, when he paid $19.5 million. The property in Los Olivos, California, is reportedly being sold by Colony Capital, which owns a primary stake in the ranch after buying it for $23.5 million in 2008 when Jackson was facing foreclosure. The company has since put millions into restoring the ranch.
For $100 million in 2015, the buyer will get a ranch with six bedrooms and two guesthouses. There’s also a pool, barbeque area, tennis and basketball court, and movie theater, which includes a trap door on the stage for magic tricks.
Though the house will be supposedly be shown, house hunters will have to go through “extensive prequalification,” Hyland told the Journal. “Our seller is not encouraging a lot of showings,” Hyland said. Perkins added the real estate agents would not give tours of the estate.
Jackson died in June 2009 of acute propofol and benzodiazepine intoxication. He was 50 years old.
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