The Neverland Ranch by Michael Jackson is on sale and 70% off

Michael Jackson at the AfDB tour in Tokyo, Japan, September 12, 1987. (Image: Instagram / Michael Jackson)

The former home of Michael Jackson is back on the market at a fraction of the price originally sought in 2015.

According to the Wall Street Journal the Neverland Ranch Kings has $ 31 million, about 70% less than the original asking price of $ 100 million four years ago.

One of the real estate agents working on the potential sale, Suzanne Perkins, told the newspaper that part of the challenge in raising the property's sale was that "a price tag of 100 millions of dollars is not a radical change. "
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Jackson first bought the property from about 2,700 acres in 1987 for $ 19.5 million. It was reportedly taken off the market in 2017 after failing to find a buyer after a price drop of $ 67 million.
The agent Kyle Forsyth currently shares the list with Perkins. He added that the property, which contains the main house in which Jackson lived for 15 years, was shut out of the market because of forest fires and mudflows in the nearby town of Santa Barbara, California. "Everyone has retreated for about a year in general," said Forsyth.

The nearly 300-square-meter house is at the center of a controversial new documentary. The two-part film Leaving Neverland is scheduled to begin airing on HBO on Sunday. The documentary details the allegations of badual violence by Jackson by Wade Robson and James Safechuck

Leaving Neverland presents chilling parallel narratives of alleged violence by Michael Jackson. Both men allege that Jackson, who died in 2009, badaulted them while they were children.

Jackson's family denied the charges and condemned the film. The family called it a "public lynching" and the accusers "admitted liars," referring to affidavits from Safechuck and Robson while Jackson was alive that he did not badault them.

Ranch is jointly owned by Jackson's estate and a fund managed by Colony Capital Real Estate Investment Trust.