Michael Jackson’s Ranch Lists at $31M, Down From $100M Original Ask

Published: February 28, 2019 | By: American Luxury Staff

Just under four years have elapsed since Michael Jackson’s Neverland—a.k.a. Sycamore Valley Ranch—hit the open market with an asking price of $100 million. The spot in Los Olivos, California is expansive, but no buyer stepped up to shell out nine figures.

In the winter of 2017, the property re-emerged after a judicious absence, and with a generous price cut that left it at $67 million. But the 2,700-acre one-time home and retreat still didn’t budge.

Well, maybe the latest price-pruning will do the trick. The place is now asking $31 million.

The main house is a 12,600 square-foot Chateau-style with six bedrooms, but it is only one of many on the lot. Traditional style and Tudor-style homes are also included in a layout that includes a pair of railroads with a station, stone arch bridges, and a lake.

Since Jackson’s death, ideas have abounded for a new context for the place. At one point, it was offered to the State of California as a ready-made park.

Jackson bought the ranch in 1988, and paid about $20 million for it.

7912 February 28, 2019 Real Estate February 28, 2019