×

Michael Jackson’s Former Neverland Ranch Gets Super-Size Price Chop

Location:
Santa Ynez Valley, Calif.
Price:
$31 million
Size:
(approx.) 2,700 acres with roughly 12,500 square foot main house plus three guesthouses and numerous outbuildings

Amid the deluge of publicity and white-hot controversy that surrounds the release of the explosive documentary “Leaving Neverland,” Michael Jackson’s Neverland Ranch in California’s scenic Santa Ynez Valley has popped back up for sale at $31 million. The asking price for the 2,700-acre spread, which has been renamed Sycamore Valley Ranch, is gasp-worthy by any fiscal standard, but it’s remarkably less than half the $67 million price the property was listed at in 2017 and a staggering 69% below the pie-in-the-sky $100 million ask it was originally saddled with in 2015.

Secluded among rolling, sycamore-covered hills about 40 miles outside of Santa Barbara and five miles from the center of the wine-centric town of Los Olivos, the property was purchased by the famously reclusive pop star in 1987 for $19.5 million. Prior to his 2009 death, Jackson secured a loan using the ranch as collateral, and when he defaulted, the note was purchased by a real estate investment fund managed by Colony Capital, which now owns the place in a joint venture with the Jackson estate.

In addition to a stately six-bedroom, faux-timbered French Normandy-style main house of about 12,500 square feet, surrounded by a manicured refuge of flowering gardens, vast lawns and a four-acre lake, the super-sized compound comprises three guesthouses plus a spacious entertainment pavilion between a lagoon-style swimming pool and a lighted tennis court. Jackson’s private amusement park, replete with Ferris wheel and carnival games, has been removed, but the professional-quality movie theater and the Disney-esque train depot Jackson built atop a floral clock that spelled out “Neverland” remain.

The illustrious ranch property is represented by Compass agents Suzanne Perkins and Kyle Forsyth, the former of whom says, “Having sold many of the largest ranches on the south coast in Santa Barbara County, I can easily say without hesitation that this is one of the more spectacular ranches in so many different ways.”

More Music

  • Beyonce poses for photographers upon arrival

    Beyoncé Releases Music Video for 'Spirit,' Her 'Lion King' Soundtrack Contribution

    Beyoncé fans are stampeding across the web veldt to get a look at her just-released music video for “Spirit,” the original song she co-wrote and sang for the “Lion King” soundtrack. The track is also included on the companion album she executive-produced and will release Friday, “The Gift.” Clips from the computer-animated film are interspersed [...]

  • Woodstock 50's Latest Plea Denied by

    Woodstock 50's Latest Plea Denied Unanimously by Town of Vernon

    UPDATED: The light is quickly fading on Woodstock 50, which in its latest plea to the town of Vernon, New York, was rejected in its effort to secure a permit to hold the three-day concert at Vernon Downs. The Syracuse area venue with a capacity of 35,000 was the most recent proposed site for the [...]

  • Beyonce-HOMECOMING-Netflix

    Beyoncé, Sara Bareilles Vie for First Emmys as Ramin Djawadi Looks to Reclaim Throne

    Beyoncé and Sara Bareilles could add Emmy trophies to their awards shelves this year, having been nominated in key music categories Tuesday by the Television Academy. Beyoncé’s “Homecoming” special on Netflix was nominated in six categories, and four of those include a nod for the pop superstar herself. Only one of those is in a [...]

  • LiveXLive Names AOL and MTV Vet

    LiveXLive Names AOL and MTV Vet Dermot McCormack President

    Live entertainment digital media company LiveXLive Media today announced that AOL and MTV veteran Dermot McCormack has been named president of the company. According to the announcement, McCormack will lead the business and creative operations of LiveXLive, effective immediately. McCormack previously served as AOL’s Global President of Video and Studios, where he oversaw the video [...]

  • Harry Styles to Play Prince Eric

    Harry Styles in Talks to Play Prince Eric in Disney's 'Little Mermaid'

    Harry Styles is going under the sea. The former One Direction frontman is in early negotiations to play Prince Eric in Disney’s live-action adaptation of “The Little Mermaid.” Halle Bailey will portray the Ariel, a mermaid princess who dreams of being a human, while Melissa McCarthy is playing her evil aunt Ursula. “The Little Mermaid” [...]

  • R Kelly Sexual Assult Accusations Mugshot

    R. Kelly Ordered Held Without Bail

    R. Kelly has been ordered held without bond at a hearing Tuesday in federal court in Chicago, according to the Chicago Sun Times. The singer entered a not-guilty plea. The hearing, which follows the singer being hit Friday with a total of 18 counts of serious sexual misconduct and other charges in Chicago and New York, [...]

  • Sir Elton John, David Furnish. Sir

    New Elton John AIDS Foundation Gala to be Held in the South of France

    Elton John and David Furnish are launching a new gala for the Elton John AIDS Foundation. The two will host the inaugural A Midsummer Party benefit on July 24 in the south of France at the Johnny Pigozzi’s private estate, Villa Dorane, in Cap d’Antibes. A cocktail reception will be followed by dinner, a live [...]

More From Our Brands

Access exclusive content