By Bea Patel, TLE Property Editor and Director of Shop for an Agent
Michael Jackson’s former Neverland ranch is on the market for just under £54m. There is almost a third off the asking price since it was for sale back in 2015, then on the market for £82m.
With 22 structures spread across approximately 2,700 acres of land, this impressive property has five bedrooms in the main house, out-houses, a four-acre lake, lagoon style pool, barns, corrals and a five-bay garage.
It’s also not short on entertainment facilities. It has an outdoor kitchen, 50-seat movie theatre, dance studio, lighted tennis court, a tennis pavilion/pool house and three guest rooms. It also comes with a fire station, railway station and railway track.
Now reverted to its original name – Sycamore Ranch, it’s in Los Olivos, 35 miles from Santa Barbara and Santa Maria in California.
Michael Jackson bought the property for $19.5m in 1987. In 2008, Jackson hit financial difficulty and handed the Title over to Colony Capital, an investment firm.
The property is now being sold jointly with the Jackson estate after undergoing a full renovation, where the petting zoo and amusement park have been removed.
By Bea Patel, TLE Property Editor and Director of Shop for an Agent
Michael Jackson’s former Neverland ranch is on the market for just under £54m. There is almost a third off the asking price since it was for sale back in 2015, then on the market for £82m.
With 22 structures spread across approximately 2,700 acres of land, this impressive property has five bedrooms in the main house, out-houses, a four-acre lake, lagoon style pool, barns, corrals and a five-bay garage.
It’s also not short on entertainment facilities. It has an outdoor kitchen, 50-seat movie theatre, dance studio, lighted tennis court, a tennis pavilion/pool house and three guest rooms. It also comes with a fire station, railway station and railway track.
Now reverted to its original name – Sycamore Ranch, it’s in Los Olivos, 35 miles from Santa Barbara and Santa Maria in California.
Michael Jackson bought the property for $19.5m in 1987. In 2008, Jackson hit financial difficulty and handed the Title over to Colony Capital, an investment firm.
The property is now being sold jointly with the Jackson estate after undergoing a full renovation, where the petting zoo and amusement park have been removed.
