WENN
Got a $100 million handy? You could use it to by Michael Jackson beloved Neverland Ranch, according to the Wall Street Journal.
The California ranch is 2,700 acres and features a train station, six-bedroom house, 50-seat movie theater, and two lakes. No one has lived on the estate since Jackson’s death in 2009.
If Neverland does sell for its asking price, it will far exceed the $19.5 million Jackson originally paid for the land in 1988. He did, of course, spruce it up more than a bit by adding such grand amenities as a zoo and small amusement park, which have since been removed, reports Billboard. Jackson dubbed his estate Neverland after the home of the fictional children’s character Peter Pan.
Jackson defaulted on a $24.5 million loan in 2008 and was bailed out by real estate company Colony Capital LLC.
There had been rumors that Neverland would turn into an attraction similar to Elvis Presley’s Graceland. But it looks like Colony Capital, which has maintained the ranch, has no plans in doing so.
The property is also infamous because Jackson was arrested on charges he molested children on the property. He was acquitted in 2005. After that, Jackson rarely stayed at the ranch.
