Why Michael Jackson’s Neverland Ranch Still Isn’t Sold

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Almost a year ago, in May 2015, Michael Jackson’s former Neverland Ranch hit the market. The 12,598-square-foot French Normandy-style home sits on 2,698 acres in the Santa Ynez Valley, northeast of Los Angeles. It has six-bedrooms, a four-acre lake with waterfall, an outdoor barbecue, a pool house, three guest houses, a tennis court, and a 5,500-square-foot movie theater and stage. Asking price back then? $100 million.

Asking price 10 months later? $100 million.

The reason for the lack of movement on the price tag isn’t a stubborn seller or the lack of draw. (It really has a fairytale feel.) Homes in the highest echelon of the real estate market—everywhere—simply aren’t selling fast. The key to unloading a $100 million dollar property these days? Patience….

Read the full story here

One thought on “Why Michael Jackson’s Neverland Ranch Still Isn’t Sold

  1. Michael Jackson bought Neverland as a peaceful refuge rather than a ‘high-voltage, high-envy’ showplace for the rich and famous like many of the properties shown in this article. It also includes a huge amount of pristine acreage that appealed to Michael who loved nature.

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