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March 3, 2017

Home Price Reduction

by Bob Schwartz

Huge Home – Huge Asking Price Reduction

Neverland Ranch - Home Price Reduction

Well, back in 2015 this California estate was listed at $100 million! In case you didn’t guess it this is Michael Jackson’s Neverland Ranch in Santa Barbara. Now the property is called Sycamore Valley Ranch, and it contains 22 structures on approximately 2,700 acres!

The big news about this California ranch is the fact that it’s just received a $33 million price reduction! Yes, now they can get this great property for just $67 million! Michael Jackson purchased the property back in 1987 four $19.5 million!

It’s my understanding that the amusement rides and petting zoo were removed some time ago and the property needs some sprucing up. But, at the reduced price of $67 million this could still be a great bargain!

From Wikipedia, the free encyclopedia:

Michael Jackson purchased the property from golf course entrepreneur William Bone in 1988 for a sum variously reported to be 16.5 to 30 million US dollars.  It was Jackson’s home as well as his private amusement park and it contained a floral clock, numerous artistic garden statues featuring children, and a petting zoo. The amusement park included two railroads: one 3 ft (914 mm) narrow gauge named “Neverland Valley Railroad” with a steam locomotive named Katherine after his mother and the other a 2 ft (610 mm) narrow gauge with a locomotive named C. P. Huntington made by Chance Rides. There was also a Ferris wheel, Carousel, Zipper, Octopus, Pirate Ship, Wave Swinger, Super Slide, roller coaster, bumper cars, and an amusement arcade. The master closet also contained a secret safe room for security. Jackson was also an avid art collector.

Home Price Reduction

Neverland Ranch was searched extensively by police officers in connection with the People v. Jackson trial after he was charged with multiple counts of molesting a minor in 2003. Jackson was acquitted of all charges. However, Jackson stated he would never live at the property again as he no longer considered the ranch a home. He stated he felt the 70 police officers had “violated” the property in their searches. In 2006, the facilities were closed and most of the staff were dismissed, with a spokesperson stating that this was the reflection of the fact that Jackson no longer lived there.

 

 

Home Price Reduction

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