Neverland Ranch back on market for $67 million
FILE - In this July 2, 2009, file photo, workers standby at the train station at Neverland Ranch in Los Olivos, Calif. Michael Jackson's former home has been renamed Sycamore Valley Ranch. The Los Angeles Times reported March 1, 2017, that it had been relisted for sale for $67 million. (AP Photo/Carolyn Kaster, File)
The Associated Press
Published Thursday, March 2, 2017 7:01AM EST
LOS OLIVOS, Calif. -- Michael Jackson's Neverland Ranch is back on the market with an asking price of $67 million.
The 2,700-acre property near Santa Barbara, California, has been renamed Sycamore Valley Ranch. The listed price represents a significant cut from the $100 million it was on the market for last year.
In addition to a 12,000-foot main residence and a 3,700-foot pool house, the listing boasts a separate building with a 50-seat movie theatre and a dance studio. Other features on the ranch are a "Disney-style" train station, a fire house and a barn.
Jackson sold the ranch to Colony Capital prior to his 2009 death for $22.5 million. Colony Capital is headed by Thomas Barrack, a confidant and fundraiser for President Donald Trump.