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Michael Jackson's Neverland Ranch sold


Michael Jackson’s Neverland Ranch sold
Michael Jackson outside the court in Santa Maria, California, (Photo credit: Bang Media)
Michael Jackson’s famed estate Neverland Ranch in California has been sold to billionaire investor Ron Burkle for $22 million. According to
The Wall Street Journal, the property was renamed Sycamore Valley Ranch several years ago.
Because of its ties to child molestation allegations against the music legend, the estate’s asking price had been reduced considerably since its 2015 initial listing of $100 million. It was re-listed in 2017 for $67 million.
Burkle, a part-owner of the Pittsburgh Penguins was a friend of Jackson’s. According to a spokesperson for Burkle, he sees the 2,700-acre property as a land banking opportunity. The property formerly known as Neverland includes a 12,500 square-foot main residence and a 3,700 square-foot pool house. ....

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Neverland Ranch, former home of Michael Jackson, is sold


Neverland Ranch, former home of Michael Jackson, is sold
Jackson bought the ranch, a 2,700-acre property in Los Olivos, California, about 125 miles northwest of Los Angeles, for about $17 million in 1988. He named it Neverland Ranch, after the mythical island home of Peter Pan, the boy who never grew up.
This Dec. 17, 2004, file photo shows the rear entrance to pop star Michael Jackson s Neverland Ranch home in Santa Ynez, Calif. Jackson’s Neverland Ranch has found a new owner in billionaire businessman Ron Burkle. Burkle’s spokesman said in an email Thursday, Dec. 24, 2020, that Burkle bought the 2,700-acre property near Santa Barbara, California. ....

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