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A few days before the release of a controversial documentary about Michael Jackson's alleged sexual abuse on HBO, the Neverland Ranch ranch was put back on the real estate market.
The Santa Ynez estate, which once had an amusement park and a zoo among its attractions, is on sale for $ 31 million, a significant drop from the $ 100-million starting price. had reached when it went on sale in 2015 and down. from the asking price of $ 67 million starting in 2017. The estate is now known as Sycamore Valley Ranch and is located approximately 40 km from Santa Barbara.
The complex includes a 12,500 square foot main house, three guest houses and several other buildings. It was bought in 1987 by Jackson for $ 19.5 million. He used the property as collateral for a loan and defaulted. The note was later purchased by a real estate investment fund that owns it in a joint venture with Jackson Estate.
The house has six bedrooms, a floodlit tennis court, a train depot and an entertainment pavilion, but the amusement park and the zoo have long since vanished .
The ranch was the scene of intense media coverage and pro-criminal demonstrations in the criminal trials against Jackson's alleged sexual abuse charges for which he was acquitted.
The property is represented by Compass agents Suzanne Perkins and Kyle Forsyth.
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