Categories Search

Michael Jackson's Neverland Ranch Up For Sale

Video Preview

Michael Jackson's Neverland Ranch is up for sale, according to reports.

The property that once served as the late pop star's home is being listed at $100m (£65.2m), according to The Wall Street Journal.

The ranch, which has faced an uncertain future since Jackson's death in 2009, contains a train station, six-bedroom house and 50-seat cinema.

But the amusement park rides are no more, and the orangutans and elephants are no longer on the site, the newspaper reports.

There is still a llama on the 2,700-acre (1,090-hectare) ranch in Los Olivos, California.

The listing agents told the newspaper they will be carrying out "extensive prequalification" of potential buyers before showing them around.

Jeffrey Hyland, of Hilton & Hyland, said: "Our seller is not encouraging a lot of showings. We're not going to be giving tours."

The pop star paid $19.5m (£12.7m) for the property back in 1988 and renamed it Neverland after Peter Pan's island dwelling. 

Jackson defaulted on the $24.5m (£15.9m) he owed on the property in 2008, leading to the real estate company Colony Capital LLC bailing him out.

He distanced himself from the ranch after he was acquitted in 2005 of charges that he molested children there, choosing to live elsewhere.

Rating: (0)
Location: Show map
Location: Show map
Share report:
Share on Facebook
If you want to buy or a sell a report
go to marketplace

Comment report: