Michael Jackson’s Neverland Ranch Relists with a Deep Discount at $67M

Michael Jackson’s Neverland Ranch Relists with a Deep Discount at $67M

Published: March 2, 2017 | By: American Luxury Staff

Michael Jackson’s one-time home Neverland Ranch is back on the market, with a price reduction to $67 million. Initially listed in 2015 for $100 million, the reduction represents a full third of the asking price at that time. The home was pulled from the market last summer.

At four square miles—nearly 3,000 acres—the property now known as Sycamore Valley Ranch presents an incredibly unique opportunity for a buyer or buyers. In the past, the idea has been floated to sell it to the State of California, and have it incorporated as a State Park.

The main house—one of many structures on the property—is a 12,600 square foot Chateau containing six bedrooms, and nine full or half baths. The design style is mainly New England rustic, with pine paneling, hardwood floors, exposed brick, open-trussed ceilings. The overall sensibility is nostalgic, and—given the associations—somewhat wanly abandoned.

All told, the Ranch is an interesting feat of engineering, a combination of various landscape and architectural tropes that somehow combine to form a vision of solidity, stability and—of course—timelessness. Other structures are neo-Tudor, or more overtly Northeastern-U.S. in influence. There are stone arch bridges, brooks, and two railroads with a train station.

Jackson acquired the property in 1988 for about $20 million, purchasing it from prior owner William Bone, a developer of golf course communities. Colony Capital, who now owns the property, wishes it to be sold as a single parcel, and would prefer it to remain undeveloped in order to retain the integrity of the place. Ideally, it will be. But the property is actually comprised of three separate parcels, so subdivision and development may be unavoidable if Colony wishes to unload Sycamore Valley Ranch in the near future.

   
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