The former 'Neverland' Ranch, now known as Sycamore Valley Ranch, of the king of pop, Michael Jackson, still remains in the market despite the popularity of its former owner and its wide array of amenities.
The 2,698-acre property was listed by Sotheby's International Realty last May for $100 million, or $7,938 per square foot. According to the report of the Daily Mail, Sotheby's International Realty eradicated every possible string that would connect the property to Michael Jackson, and renamed it as Sycamore Valley Ranch. The brochures sent out by Sotheby's made no reference to the king of pop, but instead depicted the property as an 'ultimate ranch retreat and gated estate of approximately 2,698 acres.'
The property is located at five miles north of the town of Los Olivos and has 12,598 square feet of main residence that features six bedrooms, seven bathrooms, and two partial bathrooms. Other amenities of the ranch include three separate guest homes, an approximate 5,500-square-foot movie theater with a stage, several barns, animal shelter facilities, corrals, a maintenance shop, a library, a private lake, a wine cellar, a tennis court, an outdoor pool, and four fireplaces.
The French Normandy-style home was designed by Robert Altevers for William Bone and was finished in 1982.
The Los Angeles Times reported that the property was bought by Michael Jackson in 1987 for $19.5 million from golf course entrepreneur William Bone, and lived in it for more than 20 years. During his residency, the ranch had a fairground and a zoo, but these were later removed. Due to financial problems, Jackson handed over the ranch to investment film Colony Capital LLC for $22.5 million in 2008. The property got its name 'Neverland' from the tale Peter Pan by J.M. Barrie.
Ever since Jackson's surprising death due to an anaesthetic propofol overdose in 2009, the property remains to be vacant.
The listing agents for the property are Suzanne Perkins and Harry Kolb of Sotheby's International Realty.
