1250 Broadway, 27th Floor New York, NY 10001


Even though the “King of Pop” is no longer with us, his beloved “Neverland Ranch” continues on. After Michael Jackson’s death, Neverland was put on the market for $100 million, but never sold. Fast-forward to 2019, some ten years after he passed from a drug overdose, the property is now available for purchase, but at about 70% off the original price; a cool $31 million.

Named after the mythical island in the story of Peter Pan, a boy who never grows up, the estate channeled Jackson’s inner “Pan,” and was home to a petting zoo, a fully-equipped amusement park, and an arcade.

Jackson bought the 2,700-acre ranch in 1987 for some $25 million, and spent many years and millions more to develop the estate into a “Disneyesquefantasy land.

Over the years, the property was used to host a number of events, such as the 1991 wedding of Elizabeth Taylor, the live, 1993 Oprah Winfrey interview of Jackson, and, an event in 1995 where Jackson and his then-wife, Lisa Marie Presley, hosted children from around the world.

Located in Santa Barbara County, the gated estate features six bedrooms, a pool house, immaculate gardens, a four-acre lake with fountains and waterfalls, and much, much more.

Even though the house is nothing short of extravagant, it’s been a hard sell due to the child molestation accusations waged against Jackson back in 2006. Despite his acquittal, the ranch closed down shortly thereafter, and has since undergone a total rebranding, starting with a new name -- Sycamore Valley Ranch.

However, according to one of the real estate companies handling the listing, you are going to have to be more than a Jackson fan to visit this property. According to the Wall Street Journal, “[the] seller is not encouraging a lot of showings," and potential buyers will need to undergo an extensive pre-qualification process prior to being allowed to inspect or visit.

To view the listing, please use this link: https://www.toptenrealestatedeals.com/homes/weekly-ten-best-home-deals/2019/06-17-2019/

Should you require assistance with a real-estate transaction, please do not hesitate to call one of our attorneys at 212-619-5400.