Neverland Ranch: Realtor Says, “I Think You Need To Let The People Know It’s Michael Jackson’s Estate”

Sources: CBS8 News | All Things Michael

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SAN DIEGO (CBS 8) – More than six years after the death of Michael Jackson, his Southern California ranch is still up for sale, but the property has undergone a dramatic transformation.

The listing calls it Sycamore Valley Ranch, and boasts a 12,500 square-foot main house. The main house is surrounded by extensively landscaped gardens and a four-acre lake complete with a waterfall.

The asking price? $100 million.

The Sycamore Valley Ranch used to be Jackson’s Neverland Ranch, but missing from the estate listing is any mention of the amusement park and the train station.

In fact, the amusement no longer exists.

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La Jolla Real Estate Agent Marti Gellens sells multi-million dollar homes, and said dealing with famous property tricky. Sometimes, highlighting its history can work, and sometimes it can work against a deal, she said.

“I think you need to let the people know it’s Michael Jackson’s estate. I would definitely let them know that, but I would get rid of all those things that’s a reminder of it. So now, they can imagine themselves there. It’s not Michael’s house, but it used to be Michael’s house,” said Gellens.

Jackson bought the property in 1987 for $19.5 million. He lived there for more than 15-years, but lost the property in 2008, following financial problems.

After he died in 2009, fans turned the front gate into a huge memorial site.

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The property had been neglected for several years, but since then has been cleaned up. Only a single llama still lives in the zoo.

Also still remaining from Michael’s day is the the station house modeled after the one at Disney World, with topiary Neverland clock in front of it.

You can view the real estate listing, which includes more pictures of the property here.

 

Read more here

9 thoughts on “Neverland Ranch: Realtor Says, “I Think You Need To Let The People Know It’s Michael Jackson’s Estate”

    • The estate has already explained that they have explored all options and trying to buy Neverland is not financially responsible. Neverland is in a residential spot with strict zoning laws. It can not be used for commercial purposes or broken up and sold. Michael chose this spot to be his private home, not as a tourist attraction. The residents that live there don’t want it to be either.

      AS far as some celebrity buying it for his kids, they probably haven’t because Neverland was very expensive to keep up. I read various accounts that estimate that it cost Michael between $10 – $14 million a year for maintenance and upkeep, live stock and paying staff of about 150 employees. Anyone who buys it should intend to live there. Otherwise, it would be a drain financially to just buy it and let it sit with no way to use it bring in revenue to maintain it in some fashion.

      I know that it is hard to let it go. Despite all the obstacles, most of us maintain hope that some way this will still work out for the benefit of those most concerned.

  1. Beautifully said, Nina. My feelings exactly. All so senselessly tragic for a man who sacrificed himself for so many and his art. :-((

  2. This makes me so sad. Everything ripped from him and his children; so wrong. All those years he worked so hard, gave so much to the world and evil forces destroyed it all. You could say it is only a building, I know, but it is more than that. It carries his spirit, his music, his soul, for ever. I could rant on!

      • I think some already have begun to feel the sting of payback. More is to come, I have no doubt.

        As for the realtor’s comments, this is the typical thing realtors tell their clients–erase every trace of your ownership and personality so that the prospective buyer feels and imagines that the home should be theirs.

        I really do wonder if that cliched tactic will work in this very special case. Time and money will tell.

      • Great point. Let see how the universe allows this to pan out. It would be funny if they couldn’t sell it. Michaels spirit is all over the land whether they want to acknowledge it or not..

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