Priced well above $3 million, Jackson's former ranch sat on the market for more than five years. 'A Christmas Story' Actor Reportedly Wants to Buy the Iconic Movie House That Just Hit the Market, Derek Jeter's $22.5 Million Former Florida Mansion Once Rented to Tom Brady May Be Demolished. By 2008, he faced foreclosure on Neverland Ranch. Neverland, a name taken from the "Peter Pan" tale of a boy who refused to grew up, became Jackson's favorite retreat and famously featured a zoo, a railway and theme park rides. The 18,000-square-foot, French chateau-style Carolwood estate is on sale for $23.9 million. Since his death Jackson has been the subject of further abuse allegations, including those made in a documentary called Leaving Neverland in 2019. 5225 Figueroa Mountain Rd, Los Olivos Having sold many of the largest ranches on the south coast in Santa Barbara County, I can easily say without hesitation that this is one of the more spectacular ranches in so many different ways.. 4 Bedroom Homes for Sale in Miami FL. Access your favorite topics in a personalized feed while you're on the go. Jackson named his off-the-wall estate Neverland, after the mythical island from J.M. Neverland would never become what Elvis Graceland and Princes Paisley Park arebeloved museum tributes to the iconic artist who lived there. Jackson Hearst Magazine Media, Inc. All Rights Reserved. Homes For Sale The property also features a two-way fireplace, custom chandeliers, an additional kitchen, wet bar, and an office unit. "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," Perkins says. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Web2510 Santa Barbara Ave, Los Olivos, CA 93441 12.61 ACRES $7,900,000 4bd 4ba 4,700 sqft (on 12.61 acres) 2111 Random Oaks Rd, Solvang, CA 93463 5.01 ACRES $4,680,000 4bd 5ba 3,996 sqft (on 5.01 acres) 2511 School St, Solvang, CA 93463 See more homes for sale in Los Olivos Take a look Local Information Schools Shop & Eat Google -- mins to as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, Colony Capital has co-owned the ranch since 2008, purchased the ranch in 1987 for $19.5 million, defend himself against additional lawsuits, pay the extra money because it was Michael Jackson's. In 2005, Jackson was tried and acquitted of allegations he abused a 13-year-old boy at the ranch. You may opt-out by. News of the listing breaks just as HBO's much-talked-about four-hour documentary, "Leaving Neverland," airs on March 3 and 4. Investment billionaire Ron Burkle, a friend of the late pop star, purchased the notorious 2,700-acre property in Santa Ynez Valley for a $22 million bargain. In the early 1980s, it was repurposed by real estate developer William Bone as Sycamore Valley Ranch with a large residence, outbuildings, gardens and a 4-acre lake, according to Architectural Digest. Active listings data currently unavailable. A tree house at Michael Jackson's Neverland Ranch in Los Olivos, California July 2, 2009. Jackson rented the house for himself and three children right before launching his world tour, until his untimely passing in the home's master bedroom in 2009. Here's a look inside the 2,700-acre property. Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Take a Video Tour of a Post-Michael Jackson Neverland Ranch; Michael Jackson's Neverland Ranch is For Sale For $100 Million; One of He reportedly chanced upon Jacksons adjoining land while scouting Zaca Lake by air for a new Soho House club location. The main bedroom takes its aesthetic cues from the Versace mansion. In the 1990s and 2000s, Neverland became the centre of various investigations into child sexual assault allegations against Jackson. But the home may already have a buyer. Michael Jackson previously rented the estate for $50,000 a month in 2006. ", .css-1fgik18{color:#323232;display:block;font-family:NewParis,NewParis-fallback,Georgia,Times,serif;font-weight:normal;margin-bottom:0.3125rem;margin-top:0;-webkit-text-decoration:none;text-decoration:none;-webkit-font-smoothing:auto;}@media (any-hover: hover){.css-1fgik18:hover{color:link-hover;}}@media(max-width: 48rem){.css-1fgik18{font-size:1.0625rem;line-height:1.2;}}@media(min-width: 40.625rem){.css-1fgik18{font-size:1.0625rem;line-height:1.2;}}@media(min-width: 64rem){.css-1fgik18{font-size:1.3125rem;line-height:1.2;}}Jackie Kennedy's Two Former DC Homes Are For Sale, Inside the Duke and Duchess of Windsor's Home, An Interior Designer's Perfect California Retreat, Frank Gehry Overhauls L.A.s Most Infamous Corner, Don't Wait to Join a Florida Beach Community, Duke of Windsor's Exile Home To Be a Museum, The Building Anna Delvey Wanted Is For Sale. Originally named Zaca Laderas Ranch, Neverland is located north of Los Olivos, an unincorporated expanse on the border of Los Padres National Forest, as well as other large ranches and vineyards. Web118 Michael Clay Ct, Jackson, MS 39213 | MLS #4045772 | Zillow Jackson MS For Sale Price Price Range Minimum Maximum Beds & Baths Bedrooms Bathrooms Apply Home Type Deselect All Houses Townhomes Multi-family Condos/Co-ops Lots/Land Apartments Manufactured More filters Neverland Ranch, Michael Jackson's former home, sold to - CNN At long last, Michael Jacksons notorious Neverland Ranch found a willing buyer. Address Requires Premium Membership. (Stephen Kim/WireImage), Penguins, purchased Michael Jackson's estate for $22 million (Eugene Gologursky/WireImage for Niche Media, LLC), railroad, ferris wheel, merry-go-round, arcade and zoo. However, in the case of this $23.9 million property in heart of one of Los Angeles ' most coveted neighborhoods, the fact that Michael Jackson's final moments The old gates to singer Michael Jackson's Neverland Ranch, now rebranded as Sycamore Valley Ranch. (Photo by Stephen Kim/WireImage), Weiner/Los Angeles Times via Getty Images), in his child molestation case June 13, 2005 in Santa Maria, California.