Neverland Ranch for Sale

June 17, 2015

Neverland Ranch

Neverland Ranch

Michael Jackson’s Neverland Ranch is going on the market for $100 Million! The 2,800-acre Santa Barbara County development, has re-taken its original name- Sycamore Valley Ranch. Jackson bought the mansion in 1987 for $19.5 million, but struggled to pay off his loan for it. Real Estate investment firm Colony Capital stepped in to help save it from auction. The estate has gone through some extensive development since Jackson’s death in 2009. Its zoo (home to an elephant and orangutans; a llama is still on the premises), amusement park, and staffed fire station are gone (the physical building remains), but the signature floral clock and railway are intact. The 12,000 square foot main house has six bedrooms. The property also has two guesthouses, a swimming pool, barbecue area, basketball court, tennis court and a 50-seat movie theater. Trails crisscross the site, and thousands of oak trees dot the landscape. Rumors are saying that Kanye West has plans to negotiate a deal to buy the property for Kim Kardashian. I’m sure there will be a lot of buzz about who will take over ownership of this historic piece of prime property.

150 EL CAMINO DRIVE, LOS ANGELES,CA. 310-595-3888 © 2017 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

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