*Michael Jackson’s infamous Neverland Ranch has returned to the market for about $70 million less than the original asking price of $100 million.
This most recent price slash comes in the wake of a lawsuit filed by the King of Pop’s estate against HBO and it’s controversial documentary “Finding Neverland.”
Neverland Ranch, which has been rebranded as Sycamore Valley Ranch, was previously slashed to $67 million but it’s now available at yet another reduced price of $31 million.
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According per inman.com, the 2,700-acre estate has not been an easy sell due largely to its history. HBO’s “Leaving Neverland” features two men who claim Jackson sexually abused them in their youth at the range.
Jackson’s estate has responded to the doc by filing a $100 lawsuit accusing HBO of “breach[ing] its agreement not to disparage Michael Jackson by producing and selling to the public a one-sided marathon of unvetted propaganda.”
Neverland Ranch has hit the market numerous times since Jackson’s death in 2007 — first for $100 million in 2015 then for $67 million in 2017, according to the report.
The latest listing is being managed by Compass real estate agents Suzanne Perkins and Kyle Forsyth.
“The timing is right for new stewardship,” Forsyth told Inman. “The ranch is well maintained and the approximately 2,700 acres are a naturalist’s paradise.”