News, Culture & Society

Leasing Neverland: Michael Jackson’s ranch back on market for $31M, getting a 70 percent price cut

 Michael Jackson’s famous Neverland Ranch is back on the market – with another massive price cut.

The California property – where Michael Jackson allegedly abused multiple young boys – has been listed for the third time in three years, with the initial listing agent hoping to offload the property for just $31 million.

That is a 50 percent chop from the $67 million is was listed for in 2017 and a whopping 70 percent less than the $100 million that the property was first offered for when it hit the market in 2016.

This drastic price cut comes just days before the new HBO documentary Leaving Neverland is set to detail how Jackson allegedly abused Wade Robson and James Safechuck for years at the property when the two were just boys.

 The property was built in 1982, and Jackson purchased it back in 1987

Fire sale: The Neverland Ranch has been listed for the third time in as many years for $31 million (the entrance to the property above)

Fire sale: The Neverland Ranch has been listed for the third time in as many years for $31 million (the entrance to the property above)

Fairground: It was initially offered for $100 million in 2016 and then listed again in 2017 for $67 million (the amusement park on the property above)

Fairground: It was initially offered for $100 million in 2016 and then listed again in 2017 for $67 million (the amusement park on the property above)

Flourishes: There are multiple structures on the property including three separate guest homes, a 5,500 sq.ft. movie theater with stage, several barns, animal shelter facilities, corrals and a maintenance shop

Compound: The home is nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, incredible pastoral views to the south and majestic mountain views to the north.

Compound: The home is nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, incredible pastoral views to the south and majestic mountain views to the north.

Main lodge: The home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection in 1982

Main lodge: The home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection in 1982

‘Neverland is the ultimate ranch retreat and gated estate of approximately 2,698 acres located five miles north of the town of Los Olivos,’ reads the property listing.

‘The main residence of approximately 12,598 sq. ft. offers six-bedrooms, including a large first floor master suite with a private loft and two master baths. The home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection in 1982. 

‘The home is nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, incredible pastoral views to the south and majestic mountain views to the north. 

‘An expansive covered outdoor barbeque area is perfect for entertaining and is located adjacent to the inviting pool and nearby pool house and tennis court. 

‘There are multiple structures on the property including three separate guest homes, a 5,500 sq.ft. movie theater with stage, several barns, animal shelter facilities, corrals and a maintenance shop.’

No mention is made however of the previous owner of the property.

Lady of the castle: It is co-owned by Jackson's estate and Colony Capital, who purchased a note back in 2008 when Jackson defaulted on a loan

Lady of the castle: It is co-owned by Jackson’s estate and Colony Capital, who purchased a note back in 2008 when Jackson defaulted on a loan

Castle: The main residence of approximately 12,598 sq. ft. offers six-bedrooms, including a large first floor master suite with a private loft and two master baths

Castle: The main residence of approximately 12,598 sq. ft. offers six-bedrooms, including a large first floor master suite with a private loft and two master baths

Thrill of the hunt: A bridge leads over the tranquil pond where a statute of a man in colonial attire and a baseball har takes aim at a rock (above)

Thrill of the hunt: A bridge leads over the tranquil pond where a statute of a man in colonial attire and a baseball har takes aim at a rock (above)

Pool party: An expansive covered outdoor barbeque area is perfect for entertaining and is located adjacent to the inviting pool and nearby pool house and tennis court

Pool party: An expansive covered outdoor barbeque area is perfect for entertaining and is located adjacent to the inviting pool and nearby pool house and tennis court

Views: 'Neverland is the ultimate ranch retreat and gated estate of approximately 2,698 acres located five miles north of the town of Los Olivos,' reads the listing

Views: ‘Neverland is the ultimate ranch retreat and gated estate of approximately 2,698 acres located five miles north of the town of Los Olivos,’ reads the listing

Having a major moment: 'This TRULY is a once-in-a-lifetime opportunity to own one of the most pristine 2,700-acre ranches in Southern California with total privacy and wildlife galore,' said the listing agent (a llama above) 

Having a major moment: ‘This TRULY is a once-in-a-lifetime opportunity to own one of the most pristine 2,700-acre ranches in Southern California with total privacy and wildlife galore,’ said the listing agent (a llama above) 

The ranch has reportedly been off the market due to the fires and mudslides in the California region and not its infamous owner.

Jackson’s estate owns a portion of the property along with Colony Capital, who purchased a note back in 2008 when Jackson defaulted on a loan he took out against the ranch.  

He purchased it back in 1987, paying $19.5 million at the time. 

‘This TRULY is a once-in-a-lifetime opportunity to own one of the most pristine 2,700-acre ranches in Southern California with total privacy and wildlife galore,’ said listing agent Suzanne Perkins of Compass. 

Jackson’s estate is still hoping to prevent HBO from airing the upcoming documentary Leaving Neverland by hitting the company with a $100 million lawsuit. 

On the documentary – due to air Sunday – Wade Robson and James Safechuck accuse Jackson of molesting them when they were young boys. 

Jackson’s brothers Jackie, Tito and Marlon Jackson told CBS This Morning that the two men are just looking for money, and that there is no truth to any of their claims. 

Read more at DailyMail.co.uk


Comments are closed.