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$100 Million Price Tag on Neverland Ranch
updated: May 30, 2015, 2:00 PM

By the Dedicated Staff of edhat.com

Michael Jackson's Neverland Ranch just went on the market with a price tag of $100 million dollars reports the Wall Street Journal .

(Photo by John Wiley)

Returning to its original name, Sycamore Valley Ranch, the 2,700 acres in Los Olivos is assessed by Santa Barbara County at $30 million.

The Normandy-style main house, which sits between the property’s two lakes, measures about 12,000 square feet, with six bedrooms plus an attached staff quarters. There’s a four-bedroom guesthouse near the main home and a two-bedroom guesthouse a little farther away. There’s also a swimming pool with a cabana, a barbecue area, basketball court and a tennis court. A 50-seat movie theater has a private viewing balcony, and a stage includes trap doors for magic shows.

(Photo by John Wiley)

Jackson lived there until 2005 after paying $19.5 million for the ranch in 1987. He defaulted on a $24.5 million loan and formed a joint venture in 2008.

The listing agents told the Wall Street Journal they will be doing “extensive prequalification” of potential buyers before showing the property and they would not be giving tours.

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