Michael Jackson's Neverland Ranch on sale for US$100 million

December 30, 2015
A view of Neverland Ranch in the US state of California

Who wants to buy Michael Jackson's home?


It doesn't cost that much - only US$100 million or approximately twelve billion Jamaican dollars.


Yes! Neverland Valley Ranch now called Sycamore Valley Ranch is being sold for US$100 million.


Colony Capital took over the estate when Jackson defaulted on a loan before his death in 2009.


The famous property located in the US state of California spans some 2,700 acres and boasts as its main attraction, a 2,000-square-foot mansion in which the late star lived from 1988 to 2009.


Jackson named the property after Neverland, the fantasy island in the story of Peter Pan. The property also featured a Peter Pan-inspired amusement park.


In 2003 Neverland Ranch featured extensively in the media after Jackson was charged with multiple counts of child molestation, believed to have happened at Neverland.


Jackson was later acquitted of all charges. 


A Colony Capital executive told NBC News that the new owners are not required to preserve any aspect of Michael's legacy at Neverland.



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