Michael Jackson's Neverland Ranch Back on Market for $67M - NECN

Michael Jackson's Neverland Ranch Back on Market for $67M

The property includes a 3,700 square foot pool and 50-seat movie theater

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    Michael Jackson's Neverland Ranch Back on Market for $67M
    AP
    Michael Jackson's Neverland Ranch in Los Olivos, Calif., on Thursday, July 2, 2009. The estate is back on the market for $67 million.

    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 12,500 square foot main residence and a 3,700 square foot pool house, the listing boasts a separate building with a 50-seat movie theater 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.

    The property is being re-introduced by Joyce Rey of Coldwell Banker Previews International.