- May 19, 2012
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Michael Jackson's Neverland ranch back on market for $31 million
Who in their right mind is buying that place?
"No offense, Jerry, but uh... my kids are never allowed over at your house."
The former residence of late pop star Michael Jackson -- better known as the Neverland ranch -- is on the market for a cool $31 million, down from its original asking price of $100 million in 2015, when the famous property was first listed.
Compass real estate agents Suzanne Perkins and Kyle Forsyth share the listing on the Los Olivos property, now called the Sycamore Valley Ranch.
Despite the rebranding, the iconic property retains many of its hallmarks, including a floral clock that spells out "Neverland." A description of the 2,700-acre ranch includes a four-acre lake with a waterfall, a sunken tennis court, swimming pool, movie theater, barns and animal shelter facilities.
Forsyth said the property, owned by a joint venture between real estate investment firm Colony Capital and Michael Jackson's estate, has been relisted now because "the timing is right for new stewardship."
Who in their right mind is buying that place?
"No offense, Jerry, but uh... my kids are never allowed over at your house."