If you’ve got an extra 1/10th of a billion dollars lying around, you could find yourself moonwalking down the same paths Michael Jackson once did. Following extensive renovations, the King of Pop’s Neverland Ranch is officially on the market for $100 million.
Now called by its original name, Sycamore Valley Ranch, the 2,700-acre property is located in Los Olivos, about 40 miles northwest of Santa Barbara, California. Though the miniature amusement park and private zoo have all been removed (a llama reportedly still remains), 22 buildings remain on the property. Those include a train station with the famous Neverland clock (above), a four-bedroom guesthouse, a second guesthouse with two bedrooms, a swimming pool with a cabana, and the Neverland Valley Fire Department building.
The main complex is a 12,000-square-foot Normandy-style house situated between two lakes, complete with six bedrooms and an attached staff quarters. There are also basketball and tennis courts, a 50-seat movie theater with viewing balcony, and a stage designed for magic shows complete with trap doors.
Jackson purchased the property in 1988 for a cool $19.5 million. He lived there through 2005, at which point he chose to distance himself from the ranch following his acquittal on child molestation charges stemming from children visiting the lavish wonderland.
When he defaulted on a $24.5 million loan on the ranch, the Colony Capital real-estate investment firm bought the note and the title was put into a joint venture between Jackson and the firm. Colony Capital threw millions into repair and is now the firm selling the property via a joint listing with Sotheby’s International Realty and Hilton & Hyland. Don’t expect to take a free tour as a “potential buyer,” however, as the real-estate agents have promised “extensive prequalification” checks on any interested parties.
So how long before some super-fans launch a Kickstarter?