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Neverland Ranch Gearing Up to Sell
updated: Aug 03, 2014, 11:40 AM


(Photo by John Wiley)

The late Michael Jackson estate in Santa Ynez Valley, Neverland Ranch, is gearing up to be placed on the real estate market again, reports Business Week.

Since home values in the area are making a comeback, Thomas Barrack Jr.'s Colony Capital LLC is getting the property ready to potentially be put up for sale.

"We've really just been custodians of an irreplaceable estate and are proud to say we've restored it to the original elegance Michael first envisioned," Barrack said in an e-mail [to Business Week]. "We are now considering putting it up for sale."

Colony Capital LLC purchased Neverland Ranch in November of 2008 for $23.5 million. The property is currently valued at $30.3 million by Santa Barbara County.

Read the full article on BusinessWeek.com


(Photo by John Wiley)

 

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