You can now own a controversial piece of pop music history. Neverland, the gigantic California ranch once owned by the late “King of Pop” Michael Jackson is being put on sale for $100 million.
Living up to his namesake, the “King of Pop” built an actual kingdom on the outskirts of Santa Barbra. Neverland Ranch is no ordinary luxury villa or estate, but a veritable amusement park. The 22 building complex spans 2,700 acres and boasts lush gardens, amusement park rides and zoo animal enclosures in addition to more standard luxury amenities like pools and fountains. The main house on the property includes 6 bedrooms, a movie theater and a stage. It is reported that Jackson wrote many of his greatest hits at the mansion.
The property, now called Sycamore Valley Ranch, was bought around six years ago for $22.5 million by Thomas Barrack Jr.’s Colony Capital, according to the LA Times. After a period of renovation by an investment firm, several real estate agents are looking to unload the property for $100 million. Unfortunately, due to Jackson’s checkered history with the law thanks to a series of child molestation accusations, the property might have a hard time securing its asking price.
“There is obviously a lot of affection for him and his talent,” Randall Bell, a specialist in valuing tainted properties, told the Los Angeles Times. “But it’s hard to get by the fact that Neverland is closely associated with child molestation. I think $100 million is very optimistic,” he said. While Jackson was never found guilty of any crimes, his ultimate legacy remains a heated subject of debate between fans and detractors. Tours of the property will not be given, according to the Wall Street Journal.
(Via Luxuo)
