Michael Jackson's Neverland ranch has been on the market since 2015 and has recently sold for $22 million which is $78 million less than the asking price! The initial price was $100 million.
The late signer designed the 2,700-acre Neverland ranch as the childhood amusement park he wished he could have had. After the signer's passing in 2009, the ranch returned to its original name Sycamore Valley Ranch and was put on the market completely stripped of every Jackson's reminder.
The property includes a 12,000-square-foot main house, a four-bedroom guest house, a two-bedroom guest house, several barns, animal shelter facilities and a maintenance shop.
The main house has a French Normandy style and has multiple fireplaces and six large bedrooms. There is even a hidden safe room in of the walk-in closets.
The four-acre lake has a beautiful fountain.
On the outside, a free-form swimming pool, barbecue are, basketball and tennis court and a 50-seat movie theater.
So what is the future holding for Neverland Ranch? No one is really sure.
Shelton Wilder, CEO and luxury realtor of The Wilder Group. said “This property must have only been purchased for land value. I believe the new owner will demolish the existing structures on the property and rebuild. This is not a turnkey, bring-your-bag-and-toothbrush kind of property.”
What do you think of the property?