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Michael Jackson’s Former Neverland Ranch Reduced to $31M, Prev. $100M (PHOTOS & VIDEO)

Michael Jackson’s Former Neverland Ranch Reduced to $31M, Prev. $100M (PHOTOS & VIDEO)

Michael Jackson’s Former Neverland Ranch Reduced to $31M, Prev. $100M (PHOTOS & VIDEO)
February 26
13:21 2019

Michael Jackson’s Former Neverland Ranch Back On The Market For $67-Million

5225 Figueroa Mountain Road, Los Olivos, California, United States, 93441

An opportunity like this doesn’t come up very often. According to The Wall Street Journal, Michael Jackson’s Neverland Ranch is back on the market with a substantial price cut. The 2,700 acre* California estate originally came up for sale in 2015 for $100,000,000. It was re-listed with Joyce Rey for $67,000,000 in 2017. It’s just come back on the market for $31,000,000. Jackson purchased the ranch from real estate developer William Bone in 1988 for close to $19,500,000. Today the property, now renamed Sycamore Valley Ranch, is owned by Colony Capital who invested over $50,000,000 into it. Included on the property is a 12,500 square foot French-Normandy style main house, designed by internationally renowned and award-winning architect Robert Altevers, featuring exposed timber beams, brick & stonework, five fireplaces and 18th century French oak parquet flooring from two chateaux in France. With 2,700 acres the amenities are endless, including a Disney-style train station with kitchenette, loft and two fireplaces, there’s a 1,900 square foot private fire station & administration building, a primary guest house with four units, a 3,655 square foot tennis pavilion/pool house and a 5,500 square foot building which houses a 50 seat cinema with private viewing balcony, and a dance studio. 

The main house is surrounded by manicured lawns, gardens, and magnificent trees, as well as a gorgeous lake with waterfall and swans, boat stops and beach. Jackson used Neverland Ranch as his primary residence from 1988 – 2005 before relocating to the Persian Gulf island of Bahrain after being acquitted of all charges relating to child molestation allegations. Jackson then returned to California and rented a palatial mansion in Holmby Hills for $100,000 per month where he died in June of 2009. A previous listing description described the property as a, “Rare and truly remarkable estate of 50 maintained acres surrounded by some four square miles of natural beauty running to the distant mountain ridges. Structures of magnificent quality and comfortable luxury make this a singular residence designed for an extraordinary California ranch & naturalist lifestyle.” *We were unable to confirm if the property is still being offered as the full 2,700 acre estate.

 

Photo by Chris Carlson

 

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