By CHELSEA WHITE
The 2700 acre property features 22 structures, including a 12,000 square feet main home with six bedrooms and attached staff quarters
The property is now called Sycamore Valley Ranch, its former name prior to Jackson’s ownership, with most of the telltale signs of its former owner removed, including the amusement park
Jackson purchased Neverland in 1987 for $19.5 million and moved out in 2005 after his acquittal on charges that he molested children at the ranch
Michael Jackson’s infamous Neverland Ranch has hit the market for the first time since the late singer’s death.
The firm who bought the singer’s debt and then restored the property have finally put the sprawling ranch located just outside of Santa Barbara, California, on the market, the Wall Street Journal reports.
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.
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On sale! Michael Jackson’s Neverland Ranch, pictured recently, has been put on the market for $100 million
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 estate.
Even the name has changed with Neverland now known as Sycamore Valley Ranch – which was its name prior to the star buying in in the Eighties.
Realtor Suzanne Perkins told the Wall Street Journal that the amusement park the late King of Pop constructed and his beloved exotic animals have long been removed.
In their place, it seems, are rolling hills, man-made water features and lakes complete with swans and even a llama or two.
Perkins promises however, if an MJ 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.
The Wall Street Journal reports the firm who bought the singer’s debt and then restored the property have finally put the sprawling ranch located just outside of Santa Barbara, California, on the market
The agents have stressed that this is not fans’ chance to see their idol’s home as they will require ‘extensive prequalification’ of potential buyers: ‘We’re not going to be giving tours’
The agents have stressed however, this is not a chance for fans to see their idol’s home as they will require ‘extensive prequalification’ of potential buyers as ‘we’re not going to be giving tours’.
So what does a $100 million buy you?
According to the listing agent, the new buyer will own 22 structures, including a giant Normandy-style main house.
There are still a few small signs that the property 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.
Of course, if the new owner wants to entertain there is two guest houses – one four-bedroom and one two-bedroom.
While the amusement park has now been removed, there are still plenty of things to do with the property featuring a swimming pool with a cabana, basketball court, tennis court and BBQ area.
Realtor Suzanne Perkins said that the amusement park the late King Of Pop constructed and his beloved exotic animals have been removed
What also remains is a 50-seat movie theatre with a ‘private viewing balcony’ as well as a stage that ‘includes trap doors for magic shows’.
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.
The value of the home has been subject to speculation over the years with people suggesting figures as low as $35 million.
Jackson bought the ranch in 1987 for $19.5million but then used it as collateral for a $24.5million loan – which he defaulted on.
It is thought the annual upkeep for the property was a staggering $3million with up to 54 full-time paid staff manning the estate.
Investment firm Colony Capital bought a significant portion of the debt in 2008 – a year before his death – to save the home from foreclosure. The company was working with the star to restore it with the hopes of selling the property.
As Colony put more money into the project, its share of equity increased while Jackson’s decreased.
Forbes suggested last year that the company ended up pumping more than $50million into the site.
The new buyer will own 22 structures on including a giant Normandy-style main house (pictured 2009) which has been renovated
While the amusement park has now been removed, there are still plenty of things to do with the property (file picture from 2012) featuring a swimming pool with a cabana, basketball court, tennis court and BBQ area
But in 2014, it was announced the property was going to be sold.
Officials from Michael’s estate said they are ‘saddened’ by the news of the sale.
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.
‘The estate will maintain Michael’s family home in Encino, including its iconic recording studio there.
‘[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.’
The property was the marital home of the King of Pop and Lisa Marie Presley (seen here prior to their 1996 divorce)
Jackson getting goofy at Neverland Ranch with child star Macaulay Culkin, whom remained a loyal friend and appeared in his 1991 music video for Black Or White
Elizabeth Taylor was escorted by Jackson and her son Michael Wilding Jr. to the gazebo where she married Larry Fortensky, her eighth and final husband, in 1991
Jackson bought the ranch in 1987 for $19.5 million but then used it as collateral for a $24.5 million loan – which he defaulted on
While its historical significance to music and pop culture cannot be understated, the ranch’s history is not all good.
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.
It is this link that led to Jackson moving out of his beloved home after his 2005 acquittal on charges that he molested children at the ranch.
He opted to live elsewhere in the world until his overdose death in 2009.
‘I guess they ruined it for my Dad,’ Jackson’s eldest son, Prince, told a civil court jury in 2013.
Prince’s sister Paris had expressed her desire to have the place restored and make available to help underprivileged children.
She spoke out in 2013 about her heartbreaking visit to Neverland two years earlier to find it in ruins.
The kitchen in the main house (pictured 2009) features many counter-tops and brick walls
Jackson’s former arcade (pictured 2009) features two stories and was once full of video games
Behind a locked closet door is a secret room that contains another locked door
News of the sale comes on the same week as a court dismissed a case brought by Australian choreographer Wade Robinson against the pop star’s estate claiming he had been sexually assaulted as a child by the star.
Los Angeles Superior Court Judge Mitchell Beckloff dismissed the claim on Tuesday after determining he waited too long to file it in court.
The choreographer had previously denied the pop superstar molested him and testified in Jackson’s defense in a criminal trial in 2005.
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.
Officials have insisted they plan to keep the legacy of the Thriller hitmaker going strong at his other former home.
A wine cellar below the arcade (pictured 2009) features stone walls and flooring and dark wood shelving
The second floor of Jackson’s former two-story bedroom , where his bed was kept