Michael Jackson's Neverland Ranch Now For Sale
May 28, 2015 at 4:46 PM (PT)
NEVERLAND, the CALIFORNIA ranch once owned by the late MICHAEL JACKSON, is up for sale, the WALL STREET JOURNAL reports. Asking price: $100 million.
Now called “SYCAMORE VALLEY RANCH" and located about 40 miles from SANTA BARBARA, the 2,700-acre property has about 22 structures including a Normandy-style main house with six bedrooms plus an attached staff quarters, a four-bedroom guesthouse and a two-bedroom guesthouse. There’s also two lakes, a swimming pool with a cabana, a barbecue area, a basketball court and a tennis court, a 50-seat movie theater with a private viewing balcony, and a stage includes trap doors for magic shows.
Also still there are the iconic floral clock (which spells out “Neverland"), railroad tracks and train station and a building that once housed the NEVERLAND VALLEY FIRE DEPARTMENT, although it’s no longer staffed by full-time firefighters. Gone are the amusement park rides, the orangutans and elephant -- but a llama still prowls the premises.
JACKSON paid $19.5 million for the ranch in 1987, lived there more than 15 years, then sold it to real-estate investment firm COLONY CAPITAL in 2008 for $23 million, which put the title into a joint venture it formed with the pop star. COLONY spent millions on upgrades, intending to eventually sell it. The listing is being split by SOTHEBY'S broker HARRY KOLB and HILTON & HYLAND's JEFFREY HYLAND.