Jay-Z & Beyoncé to Buy MJ’s Neverland Ranch?

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Superstar power duo Jay-Z and Beyoncé may be interested in purchasing Michael Jackson’s Neverland Ranch in Los Olivos.

The New York Post reports that Jay-Z has not denied touring the ranch, but said, “I’ve got no interest in Neverland.” The paper also noted, “the Jackson family believes otherwise.” The massive Southern California estate no longer has an amusement part or zoo, but what’s left of the famous property is reportedly valued at $29 million. The shuttered, 2,700-acre estate was renovated following Jackson’s death in 2009.

Mostly controlled by Colony Capital, a Los Angeles-based private equity firm who acquired controlling interest in Neverland in 2008, the home is also partially owned by Jackson’s estate and has been vacant since the singer “fled to Bahrain in 2005…” according to The New York Post.

Jay-Z and Beyoncé reportedly viewed the ranch last year accompanied by Colony Capital owner Thomas Barrack Jr.

Jackson originally purchased Neverland in 1988 for $17 million.

Michael Jackson Neverland Home

Image: architecture.about.com

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