- Michael Jackson’s famed Neverland Ranch has been pulled off the market after almost five years of price cuts, renovations, and a new name, Compass confirmed to Business Insider.
- The rebranded Sycamore Valley Ranch was last asking $31 million — less than a third of its original asking price.
- Jackson’s former ranch boasts a 12,598-square-foot main residence, two guest houses, a lake, a 50-seat movie theater, and a Disney-themed train station.
- The seller declined Business Insider’s request for comment on whether they were planning on relisting the ranch.
- Visit Business Insider’s homepage for more stories.
Michael Jackson’s famed Neverland Ranch has been pulled off the market after almost five years and multiple price cuts, Compass confirmed to Business Insider.
Originally listed for $100 million in 2015 under a new identity as Sycamore Valley Ranch, the ranch was discounted to $67 million two years later, and then relisted again for $31 million in 2019.
The 2,700-acre property in Los Olivos, California, where Jackson lived for more than 15 years, includes a French-Normandy style main residence, two guest houses, a lake, a 50-seat movie theater, a 14-foot lagoon-style pool, a dance studio, barns, staff facilities, and a Disney-themed train station.
Kyle Forsyth of Compass, one of the former listing agents for the ranch, told Business Insider that the agents representing the ranch found interested potential buyers, but no deal could be reached with the seller, Colony Capital.
Colony Capital, the private investment firm that manages the ranch, “has not re-listed and recent inquiries for showings have been declined or gone unanswered,” Forsyth said. Colony Capital declined Business Insider’s request for comment for this story.
Jackson, who bought the property for $19.5 million in 1987, defaulted on a loan after financial hardships and entered Neverland into an ownership agreement with Colony Capital in 2008 for $23 million, according to ABC News.
Here’s what Sycamore Valley Ranch has to offer.
April Walloga and Alyson Penn contributed to an earlier version of this story.
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