Revealed!! This Is Why Nobody Wants To Buy Michael Jackson’s Neverland Mansion -This Will Shock You (With Photos
Neverland Ranch, which failed to find a buyer after the King of Pop’s death, is being reintroduced to the market, with a giant price cut and a new name.
The property, which has been saddled with the more homogenized moniker “Sycamore Valley Ranch,” carries a $67 million price tag.
That’s a $33 million drop from the original asking price two years ago.
While it no longer has some of its iconic features, Neverland (yeah, we’re gonna keep calling it that — sorry, Coldwell Banker) is still a unique piece of property.
Located about 30 minutes from downtown Santa Barbara, California, it spans 2,700 acres and includes a mountain on the grounds that Jackson named after his mother. The estate boasts live oaks that are more than 100 years old and borders the Los Padres National Forest.
There’s also a movie theater that seats 50, a dance studio, a pool, a 5,500-square-foot, four-bedroom guesthouse, as well as a train station and train tracks. (Sadly, you’ll have to supply your own train.)
As for the main house itself, it’s opulent. The French Normandy-style manor was designed by architect Robert Altevers and built in 1982 and measures 12,598 square feet. Among the amenities are five fireplaces, five bedrooms and six full and two half-baths.
The flooring is 18th-century French oak parquet from two chateaus in France. The master wing on the first floor includes two walk-in cedar-lined closets and a private garden.
There’s also a barn that was originally built for Clydesdale horses. (Hopefully, your train won’t spook them). Jackson bought Neverland Ranch in 1987 for $19.5 million. He lived there for 15 years.
Real estate investment firm Colony Capital purchased the ranch from Jackson shortly before his death in 2009 when the singer was in default on a loan.
We look forward to this magnificent property being enjoyed by a new curator,” Rey said in a statement. “This quintessential California estate is now ready for the next chapter in its journey.
By 2015, the California ranch of Michael Jackson had been put up for sale at a price of $ 100 million. Today, it has still not been bought and the price has been lowered by 33% to increase the chances of selling the huge property of the star. A discount that certainly would not have liked the singer …
In 2015, the Sotheby’s agency was responsible for placing the Neverland property on the market.