Designed to be a spot the place Peter Pan would have cherished to reside in, the sprawling 2,700 acres property belonging to the late King of Pop, Michael Jackson, has discovered new homeowners. Famously generally known as the Neverland Ranch, Jackson lived within the property earlier than passing away attributable to “acute propofol intoxication” as reported by the Los Angeles County Coroner in 2009.
Jackson first purchased the land for $19.5mil and have constructed up numerous facilities together with a zoo, railway and an amusement park, along with the 12,500 square-foot predominant residence. The complete place was like a fantasy land that kids would need to spend their time in all the day. Because the pop star died, Neverland Ranch has been renamed as Sycamore Valley Ranch and was listed on the market available on the market for an asking value of $100mil in 2015 however finally, the value dropped to solely $31mil in 2019.
The Wall Road Journal reported that the property was offered for $22mil to billionaire businessman Ron Burke, who was an affiliate to Jackson and co-founder of funding agency Yucaipa Firms. Burke can also be the co-owner of Soho Home, a swanky non-public members membership that has operations in 27 international locations.
Pictures courtesy of Getty Pictures/Jim Bartsch