Michael Jackson’s Neverland ranch up for sale

29 May 2015 | Author: | No comments yet »

Michael Jackson’s Neverland on sale for £65m.

The Santa Ynez Valley property, that was once the late pop star’s home and personal fantasyland, is being listed, according to the Wall Street Journal. The 2,700-acre (4.2187 square miles) ranch in Los Olivos, featuring a train station, six-bedroom house and 50-seat cinema, has been in limbo since the singer’s death in 2009.

While the theme park rides may be gone (along with Michael’s elephants and beloved monkey Bubbles) the history – both bad and good – remains, and it can now be yours if you have a spare $100million. Listed by Sotheby’s and Hilton & Hyland, most of the telltale signs if its former famous owner have been erased turning the 2700-acre property from a fun park into a grand compound. We’re not going to be giving tours.” The real estate company Colony Capital LLC bailed out the Thriller star in 2008 after he defaulted on the 24.5 million US dollars (£15.9 million) that he owed on the property. Perkins promises however, if a Michael fan does buy the property there are still a few small signs that it was the Neverland Ranch with its train and clock made from flowers that spells out ‘Neverland’ retained and restored.

WSJ reports the home, which is located between the property’s two lakes, is an impressive 12,000-square-feet, with six bedrooms and an attached staff quarters. For some time there have been reports that the home was about to go on the market – it was even claimed the new musical royalty Beyonce and Jay Z wanted to buy it. Investment firm Colony Capital bought a significant portion of the debt in 2008 – a year before his death – to save the home for foreclosing and were working with the star to restore it with the hopes of selling the property.

They said in a statement: ‘We are saddened at the prospect of the sale of Neverland which, under the agreement negotiated during Michael’s lifetime, Colony has the right to sell. ‘[We will] continue to build upon Michael’s legacy as an artistic genius and humanitarian through his music and new projects such as the Michael Jackson ONE show in Las Vegas.’ They added at the time: ‘We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property. Michael’s memory lives on in the hearts of his fans worldwide.’ It is where Elizabeth Taylor married Larry Fortensky in a lavish 1991 ceremony; where Oprah Winfrey famously interviewed Jackson live in front of 90 million viewers in 1993; and it was also where he was accused of molesting young boys. The dancer, who has worked with Britney Spears and on So You Think You Can Dance claimed he was abused over a seven year period and did not realise the damage the molestation had caused until he had a pair of nervous breakdowns.

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