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Michael Jackson’s Neverland Ranch To Be Sold For Up To $60M By Investment Firm

MJ

Michael Jackson

 

If you are into fantasy homes and fairytale homes, Well this is your chance to acquire one. New York Daily News reports that, a real estate investment firm is set to put Michael Jackson’s sprawling Neverland Valley Ranch, modelled after the fantasy island in the story of Peter Pan, on the market in order to recoup an investment it made in the property six years ago.

Experts said the 2,700-acre Los Olivos, California estate could fetch as much as $60 million as a result of its celebrity owner.

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The Neverland Ranch

The estate comprises a total 22 buildings, including guest houses, apartments and even a movie theatre. But the property’s biggest selling point, the bustling fairground for which it was best known, has been replaced by a tranquil “Zen garden.”

The investment firm, Colony Capital, bought out the late King of Pop’s $23 million mortgage on Neverland in 2008 when the singer was facing foreclosure at the property. Now, it wants its money back.

Jackson bought the house in 1988 from William Bone, a golf course mogul, and lived there until 2004 when the cops raided the place as part of an investigation into his alleged sexual misconduct with minors.

After the raid, Jackson reportedly said Neverland no longer felt like home.

 

Ruva is a Graphic designer, Good dancer and Journalist

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