There’s also a barn that was originally built for Clydesdale horses. (Hopefully, your train won’t spook them). Jackson bought Neverland Ranch in 1987 for $19.5 million. He lived there for 15 years. Real estate investment firm Colony Capital purchased the ranch from Jackson shortly before his death in 2009 when the singer was in default on a loan.
“We look forward to this magnificent property being enjoyed by a new curator,” Rey said in a statement. “This quintessential California estate is now ready for the next chapter in its journey.”
By 2015, the California ranch of Michael Jackson had been put up for sale at a price of $ 100 million. Today, it has still not been bought and the price has been lowered by 33% to increase the chances of selling the huge property of the star. A discount that certainly would not have liked the singer …
In 2015, the Sotheby’s agency was responsible for placing the Neverland property on the market.