Neverland, the famous ranch once the home of the "King of Pop" Michael Jackson was just listed on the market for $100 millionThe late legendary pop star built up the 2,700 acre ranch in Los Olivos, just outside Santa Barbara and named it Neverland Ranch. The zoo animals and amusement rides were removed prior to his death in 2009. But the train station with the famous flower clock that spells out Neverland still graces the property as well as his personal dance studio and the giving tree where Michael stated he often climbed to write many of his hit songs and prose. One llama still remains on the property.
The property has been renamed Sycamore Valley Ranch, (it's original moniker before Mr. Jackson purchased it in 1987. It has 22 structures, which include a 12000 sq ft., bedroom French Normandy style house with attached staff quarters, a 2 bedroom and 4 bedroom guest house, a 50 seat movie theater and stage, a tennis court, train station and tracks, swimming pool , 2 lakes, bridges, streams and fountains and even it’s own fire house. Plus many more enmities.
Michael Jackson, considered by many to be the greatest entertaining artist of all time, wrote some of his top recording hits on the ranch and generously opened it to his friends, business associates and under privileged children to enjoy all on his dime. It was once called the happiest place on earth.
Jackson moved from the premises after Neverland was completely ransacked and raided by 75 officers from the Santa Barbara sherifs dept. ordered by D.A Tom Sneddon who accused him of child molestation. In 2005 after Michael was completely acquitted and found NOT Guilty of All charges, he moved from the premises and CA. With his children, vowing never to return, feeling they had tainted and destroyed it’s innocence. Michael wanted to keep the property for possible future ventures but refused to live there again
In 2008 Thomas Barrack Jr.´s Colony Capital investment firm paid off a 23 million defaulted mortgage for Michael when he fell into financial difficulty and paid Mr Jackson to partner with them and maintain an interest in the property now listed for cool 100 million. It has been beautifully renovated and maintained by the investment firm.
The 2700 acre property is strictly zoned a residential, agricultural area and therefore cannot be used by Colonial or Michael's Estate as a tourist attraction or museum such as Graceland is for Elvis. Therefore the house has remained dormant but for occasionally entertaining of guests and by staff and maintenance, who keep the property in pristine condition until it can be sold. Preferably to someone who can respect the historical significance and enjoy the beautiful home and surrounding area.
The properties is listed by Suzanne Perkins and Harry Kolb of Sotheby’s International Realty, and Jeffrey Hyland of Hilton & Hyland. The listing agents stated they will be doing "extensive prequalification" of potential buyers before showing the property. "Our seller is not encouraging a lot of showings," "We’re not going to be giving tours."
To read more about the listing and see more pictures visit http://www.wsj.com/articles/michael-jacksons-onetime-neverland-lists-for-100-million-1432838117