Michael Jackson’s famous property, Neverland, has been placed on sale. The Neverland Ranch is the famous real estate where Michael Jackson lived in Los Olivos, California. Reports reveal that the ranch will soon be placed on the market, but the price of the property has not been revealed at this point.
Neverland became widely famous as the place where Michael Jackson created his own world. The star lived at Neverland in his glory years. He created here a zoo with exotic animals, an amusement park for kids and some amazing gardens. The properly has no less than 2,600 acres.
Michael Jackson died in 2009. It has been revealed that the ranch was restored to its former glory, but it has not been revealed the future plans for its property. Some claimed that the ranch will be opened for visits. Michael Jackson purchased this property back in 1988. The ranch was bought by the King of Pop for $19.5 million.
“We’ve really just been custodians of an irreplaceable estate and are proud to say we’ve restored it to the original elegance Michael first envisioned,” an official statement revealed. “We are now considering putting it up for sale,” it added. Maybe one very rich Michael Jackson fan will want this property.
The ranch is without a doubt extremely interesting and important for Michael Jackson’s fans. The famous singer lived here for about two decades. Michael abandoned Neverland back in 2005 before his acquittal on charges that he molested children at the ranch. These accusations marked Michael and changed Neverland for him. Colony Capital purchased a $23.5 million note on the ranch in 2008. Michael was going through some financial problems during that time.
So, if the property will be put on sale it is yet to see who will purchase this amazing place. However, some reports indicate that maybe the ranch will remain a sanctuary of the singer, to be opened for visits by fans and tourists who love the singer and would want to discover where he lived for so many years. The ranch has 8 bedrooms and overs an area of 250 acres. It is estimated to cost more than $21 million, but it is yet to see the price.