Saturday, January 23, 2021

Price of Michael Jackson’s Neverland Ranch Slashed by $33 Million

mj-at-neverland

*Michael Jackson’s Neverland Ranch is back on the market for roughly $33 million less than its original asking price.

It was originally listed in 2015 for $100 million but the property is now available for the bargain basement price of $67 million, according to the Wall Street Journal. The seller is a joint venture between Jackson’s estate and a fund managed by real-estate investment trust Colony Northstar.

The $100 million asking price “was a difficult number to achieve,” said Suzanne Perkins, who worked as the property’s 2015 listing agent.

Jackson lived there for more than 15 years after purchasing the property in 1987. Some of his most famous additions to the ranch include a train station and a flowery clock reading “Neverland.”

The revamped property is known today as “Sycamore Valley Ranch” and stretches to around 2,700 acres.

YOU MAY LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

SEARCH

THE CULTURECALENDAR: WHAT'S NEW & BLACK ON TV


TRENDING