Published May 29th, 2015
What are you doing this Friday night? Maybe you should put that knock off beer down and invest in some property like a real adult, because Michael Jackson’s Neverland Ranch is up for sale.
The 2,700-acre ranch located in Santa Ynez was notorious for its child-friendly extravagance, and features a modest 12,000 square foot house with six bedrooms and staff quarters, two railroads, a ferris wheel, two lakes, fifty-seat movie theatre and amusement arcade. And now, all that and more could be yours for the bargain price of $100 million USD.
Originally purchased for a cool $19.5 million by Jackson in 1987, the now deceased pop star moved out in 2005 following the personal impact of child abuse accusations and multiple police raids, and bailed out of a $24.5 million debut by Colony Capital LLC in 2008 after he defaulted on the home loan.
Known as the setting for Home Alone star Macaulay Caulkin’s many (but apparently safe) sleepovers with the moonwalker himself, as well as the visits from countless children who stayed over at the Peter Pan inspired ranch. However, in later years, Neverland Ranch became infamous for its numerous police searches and claims of sexual abuse that resulted in the 2005 case “The People vs. Michael Jackson’, in which Jackson was accused of child abuse from February to March of 2003. Ultimately, Jackson was found not guilty, with numerous people claiming the bias of the media against him lead to an image of Jackson as a sexual predator being formed by the wider public.
While one could say that $100 million USD is too much for a place that can’t seem to shake the infamy of it’s accusations, others could argue that it’s a steal with the property market the way it is. Anyone know what Joe Hockey’s opinion on Aussies investing internationally is?