Michael Jackson’s Legendary Neverland Ranch- Currently for Sale at $100 Millon
Owner: legendary pop icon, Michael Jackson
Location: California’s Santa Ynez Valley
Price: bought in 1988 for $19.5 million, currently for sale at $100 million
In 1988, Michael Jackson bought a sprawling 2,700-acres estate from California real estate developer, William Bone, for $19.5 million.
Following the purchase, Jackson refurnished the 13,000 square-foot main house, added an amusement park, and Neverland Ranch was born.
Named for the fictional land in Peter Pan, where no one ever grows up, Jackson turned the home into a source of entertainment for friends and family. The house features a train, swimming pools, a petting zoo, 50-seat movie theater, and its legendary amusement park.
Following Jackson’s death in 2009, the home remained empty and began falling into disrepair. However, during a visit back, Michael Jackson’s daughter, Paris, took it upon herself to fix and restore the estate. The amusement rides were removed and replaced with a zen garden for meditating.
Today the home is co-owned by Michael Jackson’s estate and Colony Capital, a real estate investment firm. The home is currently for sale with a $100 million price tag. The listing agents are Suzanne Perkins and Harry Kolb of Sotheby’s, and Jeffrey Hyland of Hilton & Hyland.
The Jackson family, however, have been protesting the sale. In the mean time, the home is now being manged by a small staff to keep the house in top shape.
