The famous ranch at the center of “Leaving Neverland” is for sale — but the property’s current owner, and his decision to sell it now, only add to the strangeness surrounding Michael Jackson’s longtime home.
Tom Barrack, a close Trump ally, and his Colony Capital Inc., bought Neverland from Jackson in 2008, less than a year before Jackson died. The company announced plans to sell it (again) on Friday, just before HBO debuted “Leaving Neverland,” which details accusations from two young men that Jackson sexually abused them there.
According to the website of the real estate company Compass, 5225 Figueroa Mountain Road is on the market for $31 million. It was previously offered for $100 million in 2015, and $67 million in 2017.
Also Read: 5 Most Devastating Accusations Against Michael Jackson From 'Leaving Neverland'
Laura Kalb, a real estate agent at Hilton & Hyland, whose company had the property co-listed with Sotheby’s International Realty in 2015, told...
Tom Barrack, a close Trump ally, and his Colony Capital Inc., bought Neverland from Jackson in 2008, less than a year before Jackson died. The company announced plans to sell it (again) on Friday, just before HBO debuted “Leaving Neverland,” which details accusations from two young men that Jackson sexually abused them there.
According to the website of the real estate company Compass, 5225 Figueroa Mountain Road is on the market for $31 million. It was previously offered for $100 million in 2015, and $67 million in 2017.
Also Read: 5 Most Devastating Accusations Against Michael Jackson From 'Leaving Neverland'
Laura Kalb, a real estate agent at Hilton & Hyland, whose company had the property co-listed with Sotheby’s International Realty in 2015, told...
- 3/5/2019
- by Beatrice Verhoeven
- The Wrap
Days before a controversial documentary on alleged sexual abuse by Michael Jackson airs on HBO, the pop singer’s Neverland Ranch has been put back on the real estate market.
The 2,689-acre Santa Ynez estate, which once had an amusement park and zoo among its attractions, is on sale at $31 million, a steep drop from its original listing price of $100 million when it first went on the market in 2015 and down still from the $67 million asking price as of 2017. The estate is now known as the Sycamore Valley Ranch and is located about 40 miles outside Santa Barbara.
The complex offers a 12,500-square-foot main house, three guest houses, plus several other buildings. It was originally purchased in 1987 by Jackson for $19.5 million. He used the property as collateral for a loan and defaulted. The note was then purchased by a real estate investment fund that owns it in a joint venture with Jackson’s estate.
The 2,689-acre Santa Ynez estate, which once had an amusement park and zoo among its attractions, is on sale at $31 million, a steep drop from its original listing price of $100 million when it first went on the market in 2015 and down still from the $67 million asking price as of 2017. The estate is now known as the Sycamore Valley Ranch and is located about 40 miles outside Santa Barbara.
The complex offers a 12,500-square-foot main house, three guest houses, plus several other buildings. It was originally purchased in 1987 by Jackson for $19.5 million. He used the property as collateral for a loan and defaulted. The note was then purchased by a real estate investment fund that owns it in a joint venture with Jackson’s estate.
- 3/2/2019
- by Bruce Haring
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.