{"id":29957,"date":"2021-01-07T08:19:37","date_gmt":"2021-01-06T19:19:37","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29957"},"modified":"2021-01-07T08:19:37","modified_gmt":"2021-01-06T19:19:37","slug":"100m-discount-inside-jackos-neverland","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/100m-discount-inside-jackos-neverland\/","title":{"rendered":"$100m discount: Inside Jacko\u2019s Neverland"},"content":{"rendered":"

PHOTO: Michael Jackson<\/strong><\/p>\n

2020 closed a chapter on one of America\u2019s most controversial properties \u2013 the ranch of late pop sensation Michael Jackson.<\/p>\n

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Neverland<\/a> Ranch had been up for sale for nearly five years but Jackson\u2019s sprawling property finally found a willing buyer late last year.<\/p>\n

Billionaire and friend of the late popstar Ron Burkle<\/a> purchased the 2700-acre (1092Ha) estate in California for about A$28 million.<\/p>\n

It was considered a \u201cbargain\u201d since the original listed price was $100 million higher.<\/p>\n

The property in the Santa Ynez Valley was first listed in 2015 for about $128 million but the price was reduced numerous times.<\/p>\n

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\"Jackson<\/div>\n

Jackson bought the ranch in 1988. Picture: Sothebys International. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

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\"The<\/div>\n

The ranch sold for a $100 million discount. Picture: Sothebys International. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

It returned to the market in 2017 for about $88 million and by 2019 the asking price was $41 million, according to the Wall Street Journal.<\/p>\n

Neverland included a 1200 sqm Normandy-style residence, 50-seat movie theatre building, guest quarters, barn and a pool house.<\/p>\n

Jackson was known to climb trees on the property and kept imported African giraffes and his pet chimp Bubbles.<\/p>\n

Michael Jackson’s Neverland Ranch sold to billionaire<\/a><\/p><\/blockquote>\n