The iconic Neverland Ranch once owned by Michael Jackson was recently sold for $22 million! From 1998 to 2005, the King of Pop owned the 2,700 acre ranch located at 5225 Figueroa Mountain Road, Los Olivos, CA 93441. The ranch has since been renamed to its original name of Sycamore Valley Ranch. Jackson moved out of the property following the infamous People vs. Michael Jackson case in 2005.
The property was originally listed for sale at $100 million in 2015. Needless to say, the property sat on the market for more than 5 years with multiple drops in list price. The ranch’s central role in the infamous trial certainly made selling this property even more difficult. In December of 2020, the property was finally sold for $22 million. Before being listed in 2015, it was extensively renovated and most traces of Jackson had been removed, including the amusement park rides and zoo.
A former family friend and fellow billionaire named Ron Burkle purchased the property in what he described as a “land banking opportunity”.
The House(s)
The main house is a French Normandy style home that boasts 12,000 feet. There are a total of 6 bedrooms, with one of them being a 2-story master suite. In addition to the main house, there is also a 4-bedroom guest house, 2-bedroom guest house, several barns, animal shelter facilities and a maintenance shop. As if this wasn’t enough, Sycamore Valley Ranch’s grounds contain a free-form swimming pool, a large covered barbecue area, a basketball court and a tennis court. There is also a 50-seat movie theater with a private balcony and stage.
Summary
Although we do not know of any comparable properties to Neverland Ranch in South Florida, we are certain that we can assist you with finding your slice of paradise. Whether you are looking for a waterfront oasis, plenty of land and privacy, or anything in between, we can help. Contact Live South Florida Realty, Inc. today!
