Michael Jackson's Neverland Ranch Listed at Huge Price Drop
The property is selling for less than half of the 2017 price tag
Published Feb 28, 2019Michael Jackson's Neverland Ranch is back on the market for a greatly reduced price of $31 million USD, according to the Wall Street Journal.
That's less than half of what the price tag read in 2017, when it was renamed Sycamore Valley Ranch and listed for $67 million USD. In 2016, it was first put on the market for $100 million.
The 2,700-acre property is located in Los Olivos, CA, about 40 miles from Santa Barbara. It includes a 12,000-square-foot main house, plus a 3,700-square-foot pool house, additional guesthouses, a pool, tennis court, movie theatre, dance studio, barns, animal shelters and a workshop. There's also a 1950s-era fire hall, complete with a truck, still on the site.
The amusement park, however, has been removed.
Jackson bought the property in 1988, naming it after the make-believe land in Peter Pan where children never grow up, and installing amusement park rides and an exotic petting zoo. The ranch became the focal point of scandal, however, when Jackson was accused, tried and eventually acquitted of child abuse allegations between 2003 and 2005.
The new listing is unfortunately timed with the release of a new documentary called Leaving Neverland, which explores the alleged abuse that took place at Neverland Ranch. Despite attempts from Jackson's family to block its release, Leaving Neverland airs on HBO March 3 and 4.
Oprah will do a follow-up interview with the doc's subjects Wade Robson and James Safechuck, as well as director Dan Reed, for a special called Oprah Winfrey Presents: After Neverland. That will air on OWN March 4.