Inside Look at Michael Jackson’s ‘Neverland Ranch’

29 May 2015 | Author: | No comments yet »

Interest in Michael Jackson’s former Neverland ranch soars.

The day after news broke that singer Michael Jackson’s former Neverland ranch was on the market for $100 million, the three listing agents for the 2,700-acre property in Los Olivos have had their hands full. The California property that once served as Michael Jackson’s home and personal fantasyland is being listed at $127 million, according to the Wall Street Journal.

Jackson originally paid $24.2 million for the oak- and sycamore-studded property in 1988 and rechristened it Neverland after Peter Pan’s island dwelling. But not just any billionaire will be allowed in to the see the storied property, which is owned by Thomas Barrack Jr.’s Colony Capital and has been renamed Sycamore Valley Ranch. “We’re going to be very particular on who sees it,” said Jeffrey Hyland, who shares the listing with Suzanne Perkins and Harry Kolb of Sotheby’s International Real Estate. “In this case, we’ll only show to those who are super-qualified and that we know have a definite interest in buying.” “We’ve been given carte-blanche to use our discretion on whether or not someone should see it,” he said. “That will help us in working through the inquiries.” The estate, which has about 22 buildings, including the main house, two guesthouses, a 50-seat theater, a train station and barns, is not zoned for commercial use. Despite rumours after Jackson’s death that the hilly property might be transformed into a Graceland-like homage to the King of Pop, Colony Capital has quietly maintained the ranch located about 240 kilometres north of Los Angeles.

Its zoo (home to an elephant and orangutans; a llama is still on the premises), amusement park, and staffed fire station are gone (the physical building remains), but the signature floral clock and railway are intact.

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