Michael Jackson’s Neverland Ranch on the market.
The property is now called the “Sycamore Valley Ranch” and is listed for $100 million by Sotheby’s International Realty and Hilton & Hyland, according to the Wall Street Journal,
Jackson bought the ranch in 1987 for $19.5 million and lived there for 15 years. After the singer defaulted on a $24.5 million loan backed by the ranch, real estate investment firm Colony Capital entered into a joint title with Jackson, intending to make upgrades and sell the property.
Located in Los Olivos, California, the property spans over 2,700 acres and houses 22 structures, including a 12,000-square foot, six-bedroom main house with attached staff quarters, a four-bedroom guest house and another two-bedroom guest house.
The property also features a swimming pool, a basketball court, a tennis court and a 50-seat movie theater. The train tracks and station built by Jackson still stand, as does the iconic floral clock spelling out “Neverland.”
Read original story Michael Jackson’s Neverland Ranch on Sale for $100 Million At TheWrap