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Listing Price Slashed on Michael Jackson’s Neverland Ranch

Phil Hall
Mar 03, 2017
One of the most famous residential properties in the pop culture universe is back on the market, with a considerably lower listing price

One of the most famous residential properties in the pop culture universe is back on the market, with a considerably lower listing price.
 
According to an Associated Press report, Michael Jackson's sprawling Neverland Ranch is relisted at $67 million, a significant decrease from the $100 million asking price posted last year for the 2,700-acre property in Santa Barbara County, Calif. The estate was purchased by Jackson in 1987 and was transformed into a private amusement park, complete with rides and a petting zoo. Jackson stopped living at Neverland in 2005 following his trial on child molestation charges, and the iconic singer sold the property to Colonial Capital for $22.5 million prior his death in 2009.
 
Colonial Capital has reportedly spent $50 million in upgrading the property. In an attempt to distance the estate from its legendary owner, the property is now officially known as Sycamore Valley Ranch.
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