The late pop star’s California retreat, once known for its amusement rides and train station, is coming back on the market for $67 million.
Nearly two years after it first went up for sale, the California ranch that served as the late pop star Michael Jackson’s “Neverland” retreat is returning to market for $67 million—$33 million off its original asking price.
Located in Los Olivos, in the Santa Ynez Valley about 40 miles from Santa Barbara, the property was taken off the market in the summer of 2016, according to Joyce Rey of Coldwell Banker Previews International and remarketed to the reduce price!
The agent, Joyce Rey of Coldwell Banker Previews International, tells the Journal that the reason for the price cut is to bring the estate more in line with other values in the area, which have topped out at about $40 million.
With this reduced price, the Estate Agency is hoping to finally sell the property. Fans around the world are still going on a pilgrimage in front of the gates of the property in memory of the King of Pop.
SOURCE: The Wall Street Journal / Joyce Rey
[…] sale price slashed by $33 000 […]