Michael Jackson's Neverland ranch on market for $100 mln

[Little Tich]

Source: YAhoo! News / Reuters

NEW YORK (Reuters) - The sprawling Neverland ranch in California once owned by the late pop star Michael Jackson is for sale for $100 million, Sotheby's International Realty said on Friday.

The 2,700 acre (1,100-hectare) estate in Los Olivos, which once featured a zoo and amusement park where Jackson entertained children, has been renamed Sycamore Valley Ranch. It is being sold jointly by Sotheby's and Hilton & Hyland.

"It officially went on the market this morning," Suzanne Perkins of Sotheby's said.

Jackson, who died from an overdose of the anesthetic propofol at age of 50 in 2009, had purchased the property in 1987 for $19.5 million. After financial troubles, in 2008 he handed over the title to the ranch to investment firm Colony Capital LLC, which held his $23 million loan on the property.

Read more: http://news.yahoo.com/michael-jacksons-neverland-ranch-market-100-million-175110454.html

[CBGLuthier]

1. "where Jackson entertained children"

I think he entertained children the same way Josh Duggar entertained his sisters.

[awoke_in_2003]

6. Yeah, I almost vomited when I read that sentence. nt

[dembotoz]

2. What is the Elvis place worth?

Tourist sideshows can be profitable

Both Elvis and Jackson had huge fan base and ties to the location

Jackson base now of the age to have disposable income to visit

Does the Jackson place have easy freeway access?

Would be nice if the Jackson family could at least be the public face like Elvis land...

Do u think that if Jackson was white the hotels would already be built???

[rpannier]

3. I think if it hadn't been for the accusations and trial

they'd have been built
I've heard that Gary Indiana is building a Jackson Theme Park

It's pretty difficult to sell a theme park of even popular entertainers if they have child abuse allegations, a trial or conviction attached to their name

[treestar]

4. I wonder if that increase in value

is typical of the market or has something to do with Jackson living there. 19.5 to 100 mil is a fivefold increase.

[Politicalboi]

7. I think he bought it in the 90's

So that's 20 years ago or more. And the fact he lived there does up the value I suppose.

[valerief]

5. I see a horror movie when the new owners move in. nt