Interest in Michael Jackson’s former Neverland Ranch soars

30 May 2015 | Author: | No comments yet »

Interest in Michael Jackson’s former Neverland Ranch soars.

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. 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. 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. The 2,700-acre ranch in Santa Ynez Valley features such amenities as a train station, six-bedroom house, 50-seat movie theater and a pair of lakes, It has been in limbo since Jackson’s death in 2009.

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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