Thursday, May 28, 2015

Michael Jackson's Neverland on the Market for $100M

The acreage that was once a fantastical amusement park for the King of Pop is on the market — but without the carnival rides, orangutans and elephant, The Wall Street Journal reports.

The 2,700-acre estate north of Santa Barbara is listed for $100 million.

Gone are the railways and grand train station Jackson built, the Journal reports. Still standing are a floral clock that spells out “Neverland,” and a fire department, minus the firefighters.

The property features some 22 structures, including a 12,000-square-foot main house with six bedrooms and attached staff quarters. There are also two- and four-bedroom guesthouses, a swimming pool, basketball court, tennis court and 50-seat movie theater with a private viewing balcony.

Jackson paid $19.5 million for the property in 1987. A real estate investment firm later bought a loan on which he defaulted and put the title into a joint venture with him, the Journal reports.

Suzanne Perkins and Harry Kolb of Sotheby’s International Realty and Jeffrey Hyland of Hilton & Hyland hold the listing.

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via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1EBEJNy

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