(Video) Michael Jackson Neverland ranch up for sale at $100m

(Video) Michael Jackson Neverland ranch up for sale at $100m
by Martin Jay

29 May 2015 | 12:48

Source: by Martin Jay and agencies

  • by Martin Jay
  • Source: Martin Jay and agencies
  • Last update: 29 May 2015 | 12:48

The estate which Jackson couldn't even keep up the payments on, is up for sale

Neverland Ranch, the former home of the late Michael Jackson
and focus of police investigations after allegations of child molestation, is up for sale.
The 2,700-acre spread, now known as Sycamore Valley Ranch, is priced at $100 million.

Located in Los Olivos, about 40 miles from Santa Barbara, the property has 22 buildings including a six-bedroom, 12,00-square-foot home, and two guest houses, The Wall Street Journal" reports.

Jackson bought the estate – which also features a 50-seat movie theater with a stage that includes trap doors for magic shows – for $19.5 million in 1987 and lived there for more than 15 years.

The amusement park was often the centre of attention for media, particularly as a number of allegations were made about the singer and his relations with children.

But the amusement park rides are no more, and the orangutans and elephants are no longer on the site, according to the WSJ.

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

 

 

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.


The property includes:
Tennis court
Train station and tracks
2,700 acres and 22 structures
Two guest houses
12,000 square foot house with six bedrooms and staff quarters
50-seat cinema with private viewing balcony and stage with trap door for magic shows
Pool
Basketball court

 

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