Custom Search 1

Michael Jackson's Neverland Ranch on sale for $100m

PURE IMAGINATION: The late Michale Jackson on his Neverland Ranch

MICHAEL JACKSON'S home - which once boasted an amusment park and zoo - is reportedly up for sale for $100 million.

The King of Pop's infamous Neverland Ranch has hit the market for the first time since the late singer's death.

The firm who bought Jackson's debt and then restored the property, have finally put the ranch located just outside of Santa Barbara, California, on the market.

The property that once served as the late pop star's home is being listed at $100m (£65.2m), according to The Wall Street Journal.

The name has changed with Neverland now known as Sycamore Valley Ranch - which was its name prior to the star buying in in the Eighties.

The ranch, which has faced an uncertain future since Jackson's death in 2009, contains a train station, six-bedroom house and 50-seat cinema.

But the amusement park rides are no more, and the orangutans and elephants are no longer on the site - though there is still a llama on the 2,700-acre (1,090-hectare) ranch.

The listing agents told The Wall Street Journal they will be carrying out "extensive prequalification" of potential buyers before showing them around.

NEVERLAND: The singer's former Californian home features a train station, six-bedroom house, 50-seat movie theater and used to have an amusement park

Jeffrey Hyland, of Hilton & Hyland, said: "Our seller is not encouraging a lot of showings. We're not going to be giving tours."

The pop star paid $19.5m (£12.7m) for the property back in 1988 and renamed it Neverland after Peter Pan's island dwelling.

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.

Subscribe to The Voice database!

We'd like to keep in touch with you regarding our daily newsletter, Voice competitions, promotions and marketing material and to further increase our reach with The Voice readers.

If interested, please click the below button to complete the subscription form.

We will never sell your data and will keep it safe and secure.

For further details visit our privacy policy.

You have the right to withdraw at any time, by clicking 'Unsubscribe'.

Facebook Comments