After two years on the market, the extravagant former estate of late pop star Michael Jackson, best known as Neverland Ranch though renamed Sycamore Valley Ranch, is still struggling to find a new owner. On Wednesday, brokers attempting to sell the property took some drastic measures: They slashed the original $100 million price by a third, listing it for a new price of $67 million.

The brokers are also trying to give the home a distinct identity from its enigmatic owner, but given that the estate is just as lavish as Jackson, that may be difficult to do.

Neverland Window A general view of the back of the main house inside Michael Jackson's Neverland Ranch in Los Olivos, Calif. July 3, 2009. Photo: Reuters

The estate is located in Los Olivos, Calif.ornia. The entire property spans 2,700 acres, but the house itself is 13,000 square feet and is built in a French country style. The house's interior is more opulent than the typical French countryside home, with dark wood and golden finishes. The five-bedroom house was designed by architect Robert Altevers in 1982.

Neverland Ranch A chandelier hangs over a lofted main entryway of the main house inside Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland A general view of the kitchen in the main house that was once used by Michael Jackson at Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland A general view of the main living room inside Michael Jackson's Neverland Ranch in Los Olivos, Calif. July 3, 2009. Photo: Reuters

Neverland Bathroom A general view of the main living room inside Michael Jackson's Neverland Ranch in Los Olivos, Calif. July 3, 2009. Photo: Reuters

But not everything in Neverland Ranch is out in a garish show of display. The house also has a secret room at the end of Jackson's bedroom, which is kept shut by three dead bolts. When investigators raided the house in 2003, they reportedly found images of child and adult pornography and animal torture. The Santa Barbara Sheriffs' Department, which conducted the raid, did not confirm or deny the reports. 

Neverland Secret Room The interior of a small "secret room" used by Michael Jackson to store valuable items is pictured in the main house at Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

But the property is known for much more than just the main house. Jackson bought the house in 1988 and turned it into a zoo and an amusement park — reality TV star Kim Kardashian even celebrated her 14th birthday there.

"That was the most magical place on earth," she recalled in 2009.

Inside Neverland Ranch: Photos Aerial view of amusement park type rides inside Michael Jackson's ranch near Santa Barbara, November 18, 2003. Photo: Reuters

But of the 2,700-acres, only 50 acres are still maintained by Thomas Barrack Jr.’s Colony Capital Inc. Jackson, which acquired the house as Jackson struggled with his finances in 2009. The rides are gone, but a train station, two railroads, a pond and a swimming pool remain. 

Neverland Train Station A general view of the train station at Michael Jackson's Neverland Ranch in Los Olivos, Calif. July 3, 2009. Photo: Reuters

Neverland Pond A general view of a swimming pool at Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland Pool A general view of a swimming pool at Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland Ranch Pool House An ice cream cart given to Michael Jackson by Elizabeth Taylor sits in the pool house inside Jackson's Neverland Ranch in Los Olivos, Calif., July 03, 2009. Photo: Reuters

Neverland Ranch Tennis Court A tennis court is pictured behind the pool house inside Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland Statue A statue stands near the main house inside Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Neverland Pond A general view of a pond next to the main house inside Michael Jackson's Neverland Ranch in Los Olivos, Calif., July 3, 2009. Photo: Reuters

Inside Neverland Ranch: Photos An oak tree, where Michael Jackson would sit in to write his songs, stands next to the main house inside Jackson's Neverland Ranch in Los Olivos, California July 3, 2009. Photo: Reuters