Dave Benett/Getty ImagesIf you’ve ever imagined yourself living at Michael Jackson‘s Neverland Ranch, now’s your chance. The property is back on the market for a relative steal at $67 million.
According to the Los Angeles Times, the current price tag for the late King of Pop’s former estate, now called “Sycamore Valley Ranch,” is 33-percent cheaper than the $100 million its owner asked for when the property was put on the market about two years ago.
Jackson paid $19.5 million for the ranch in 1987 and lived there more than 15 years. The global superstar named the estate after the land where the fictional character Peter Pan refused to grow up — Neverland.
He defaulted on a loan on the ranch, according to the newspaper, which was then purchased by real-estate investment firm Colony Capital in 2008 for $22.5 million. MJ died the following year at the age of 50.
The 2,700-acre property, built in 1982, is located in Los Olivos, California, and includes a 13,000-square-foot Normandy-style mansion that features a master wing with its own garden, a 50-seat movie theater and dance studio, two guesthouses, a swimming pool, a sports court and a barn. It also famously featured an amusement park and zoo animals during the time Michael lived there.
Listing agent Joyce Rey of Coldwell Banker says in a statement, “This quintessential California estate is now ready for the next chapter in its journey.”
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