Neverland ranch could be yours for $100 million

June 2, 2015

Neverland_Ranch's_gatesThe longtime home of deceased pop star Michael Jackson is on the market and priced at $100 million. [LA Times]

Formerly known as Neverland Ranch, the 2,700-acre property in Northern Santa Barbara County has a 12,000 square foot Normandy style mansion with six bedrooms and staff quarters. The ranch also includes a 50-seat theater, two guesthouses, hiking trails, swimming pool and sports courts.

The property is located in the community of Los Olivos in the Santa Ynez Valley. It still has the floral clock, railroad tracks and train station that were installed while Jackson owned the ranch.

Jackson’s amusement park rides and circus animal are now gone. So is Bubbles the chimp, his longtime pet.

Jackson purchased the property for $19.5 million in the late 1980s. Private equity firm Colony Capital bought the ranch about six years ago for $22.5 million.

The singer was defaulting on the loan at the time.

Prior to Jackson’s death, the ranch became the scene of child molestation investigations. Jackson was charged, tried and acquitted in 2005.

Listing agents say they will only show the property to prospective buyers who are super-qualified and have a definite interest in purchasing the ranch.

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You can’t “Beat It” for the price..,.it’s a “Thriller” of a deal.

Good ones !

One might have to be a “Smooth Criminal” to afford that price, though.

not enough bleach in the world

Maybe CAPSLO can use taxpayer money to buy it and turn it into a new homeless shelter or likely Biz Steinberg and Jim Famalette will make it their new summer home. Money is no problem for them as is not really helping the homeless

So the capital investment weenies bought it for $22 mil, and feel that a solid six (6) years later it should go for $100 mil? Nice. What do you think this is, Arkansas? Good luck with that!

There was a story today on a L.A. news site, saying Kim Kardashian and her rapper hubby are looking buying it.

That would definitely downgrade the area, can you imagine the freaks that would hanging out there?

Unless the freaks you refer to are the paparazzi, I don’t think it will be much of a problem. It is too far from town and the area is not conducive to gatherings of people just to look in on the Kartrashians. Even when Jackson lived there, it was rarely a problem and his fans were more fanatical than most.

The state should buy it and house prisoners like Lenny Jones there.