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    Michael Jackson’s Neverland Ranch

    Michael Jackson’s Neverland Ranch

    @Copyright

    Michael Jackson’s Neverland Ranch is on the market for nearly 70% off the original price  — here’s a look inside the 2,700-acre property with its sprawling mansion and Disney-themed train station

     

    Michael Jackson’s famed Neverland Ranch is back on the market for $31 million, less than half of its previous listing price of $67 million.

    In 2015, the 22,700-acre property hit the market for a whopping $100 million under a new identity as Sycamore Valley Ranch.

    But the 12,598-square-foot French-Normandy style residence located in Los Olivos, California sat on the market for two years before its price was slashed to $67 million in 2017.

    Jackson, who bought the property for $19.5 million in 1987, defaulted on a loan after financial hardships and entered Neverland into an ownership agreement with private investment firm Colony Capital in 2008 for $23 million, according to ABC News.

    After millions of dollars in renovations, the 2,700-acre ranch boastsa main residence with five bedrooms and eight bathrooms, two guesthouses, a four-acre lake, a 50-seat movie theatre, a tennis court, a 14-foot lagoon-style pool, a dance studio, barns, and separate staff facilities.

     

    Michael Jackson's Neverland Ranch 2

    The listing is held by Suzanne Perkins and Kyle Forsyth of Compass.

    For $31 million, the King of Pop’s former home could be yours, although you’ll have to pass “extensive prequalification,” according to The Wall Street Journal. Here’s what Sycamore Valley Ranch has to offer.

    April Walloga and Alyson Penn contributed to an earlier version of this story.

     

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