Neverland Ranch, the property once owned by late pop singer Michael Jackson, is on the market. The grounds, now known as the Sycamore Valley Ranch, has an asking price of $100 million.

The Wall Street Journal reported on Thursday that the former amusement park, which includes Jackson’s 12,000 square-foot home and 2,700 acres, will go to the highest bidder. Jackson purchased the property in 1987 for $19.5 million, but defaulted on a $24.5 million loan in 2008. The ranch is currently owned by the Estate of Michael Jackson, with private investment firm Colony Capital maintaining a 12.5 percent stake.

Neverland Ranch was searched by police officers in 2003 when the “Beat It” singer was charged with multiple counts of child molestation. Jackson said that year that he wouldn’t return to the property and no longer considered it a home. The facilities were closed three years later, and most of the staff dismissed. Jackson died in 2009, and the property was neglected. The singer’s daughter, Paris, restored the ranch in 2013, according to the Daily Mail.

Jackson named Neverland Ranch after the fantasy island in the story of Peter Pan, a boy who never wanted to grow up. It contained a floral clock, two railroads, bumper cars, a super slide, a roller coaster, an arcade and more. One of the railroads was called the "Neverland Valley Railroad," with a steam locomotive named after his mother, Katherine. The fully-functional zoo contained giraffes, parrots, elephants and alpacas.

Photos taken in July of last year by Vice revealed that many of the property's creepy features still exist -- a water tower with a young boy sitting on a crescent moon, a carousel, a swing ride, the park's train tracks, a cotton candy stand, a fake fortune teller, a full-sized Ferris wheel, a rotating ride known as "the Zipper," and even a red and white-striped circus tent.

The property’s private zoo and amusement park are no longer in operation, but many structures and bizarre statues remain. Check out photos of the Neverland Ranch below:

RTR25AU1 A bronze statue of a young boy with a dog stands sits abandoned on the grounds of Michael Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AU5 This statue of a young boy riding a bicycle is one of many bronze sculptures that depict young children at Michael Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AUQ Two bronze sculptures of young boys playing on a small jungle gym sits on the grounds of Michael Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AUY There are numerous bronze statues of young children on the Neverland Ranch property. The statue in this photo depicts a young boy and girl playing on Michael Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AV3 Jackson had a copper bathtub inside his 12,000 square-foot home on the Neverland Ranch in Los Olivos, California. After the 2003 investigation that accused the singer of child molestation, he claimed he didn't want to live on the property anymore. Photo taken on July 3, 2009. Photo: Reuters

RTR25AYT Michael Jackson had a small "secret room" that he used to store valuable items in the 12,000 square foot main residence at Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AY4 A statue of a young boy in a red jacket and blue cap shooting a gun stands near the main residence inside Michael Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AXD An ice cream cart given to Michael Jackson by actress Elizabeth Taylor stands in the pool house inside Jackson's Neverland Ranch in Los Olivos, California on July 3, 2009. Photo: Reuters

RTR25AVP A statue of three small children going down a slide sits next to the pond on Michael Jackson's Neverland Ranch. Photo: Reuters

RTR25AY1 Michael Jackson used to sit in this tree on his Neverland Ranch and write songs. The ranch is now on sale with an asking price of $100 million. Photo: Reuters