Michael Jackson’s Neverland Ranch asking price is slashed to $31 million

Jackson paid $19.5 million for the iconic estate in the late 1980s, but after the singer defaulted on a loan, real estate investment firm Colony Capital bought it in 2008 for $22.5 million.Spanning 2,700 acres in the Santa Ynez Valley, the park-like property has recently been rebranded as Sycamore Valley Ranch. A four-hour documentary titledwhich shares the accounts of two men claiming Jackson sexually abused them as children at the home, airs next week on HBO.

A 12,000-square-foot mansion designed by architect Robert Altevers anchors the grounds. Built in the French Normandy style, it holds six bedrooms and nine bathrooms, including a master wing with its own garden.Nearly two dozen other structures populate the property, including three guesthouses, a movie theater with a stage, a brick train station and equestrian facilities such as barns, animal shelters, corrals and a maintenance shop.

The landscape, which Compass listing agent Kyle Forsyth calls a “naturalist’s paradise,” consists of mountains, tree-covered fields and grassy plains. In addition, there’s a four-acre lake with a waterfall.This marks the third attempt to sell the estate. After asking nine digits four years ago, the ranch was offered at $67 million in 2017.Jackson was regarded as a global icon during his career, and his album “Thriller” is the best-selling record ever. He died in 2009 at age 50.

It's creepy. It will cost millions to take all the rides down. Nobody wants that on their property plus he died there. I'm sure if he donated it to charity it could become some kind of a destination resort or rehab for sick, disabled or poor kids.

There’s pedo all over everything.

Who wants to spend 31mil to live at a carnival?

Turn it into a sweat lodge retreat destination.

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Amid Documentary Controversy, Michael Jackson's Neverland Ranch Returns To Market At A $70M DiscountAfter not finding success with an asking price of $100 million in 2015, the singer's infamous estate is back on the market.
Source: Forbes - 🏆 394. / 53 Read more »

Amid Documentary Controversy, Michael Jackson's Neverland Ranch Returns To Market At A $70M DiscountAfter not finding success with an asking price of $100 million in 2015, the singer's infamous estate is back on the market. Turn bad to good. Get in bed with a non profit organization with a long reputation in children's education. Boarding school for elementary age foster children. I’m ready to buy
Source: Forbes - 🏆 394. / 53 Read more »

Michael Jackson's Neverland Ranch is on the market for nearly 70% off the original price — here's a look inside the 2,700-acre property with its sprawling mansion and Disney-themed train stationThe 2,700-acre property, which has been on the market since 2015, boasts a 12,598-square-foot mansion, lakes, and a Disney-themed train station. Typo? 22,700? In 2015, the 22,700-acre property hit the market for a whopping $100 million under a new identity as Sycamore Valley Ranch. They have received offers,but they would not accept that the estate could be developed like Johnsonville,Boston,Massachusetts
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