{"id":3436048,"date":"2015-06-02T08:40:21","date_gmt":"2015-06-02T12:40:21","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3436048"},"modified":"2015-06-02T08:42:34","modified_gmt":"2015-06-02T12:42:34","slug":"michael-jackson-neverland-listed-100-million","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/michael-jackson-neverland-listed-100-million\/","title":{"rendered":"Michael Jackson’s ‘Neverland’ Wants $100 Million"},"content":{"rendered":"

Michael Jackson<\/strong>\u2019s 2,700-acre estate in Los Olivos\u2014sited about 40 miles north of Santa Barbara\u2014has just hit the market with a $100 million price tag.<\/p>\n

Once a whimsical amusement park the King of Pop fondly called\u00a0“Neverland,”\u00a0the lush spread\u2014now known as \u201cSycamore Valley Ranch\u201d\u2014is dotted with around 22 structures including a Normandy-style main house, situated between the property\u2019s two lakes.<\/p>\n

\"Michael<\/p>\n

Measuring approximately 12,000 square feet, the mansion houses six bedrooms on top of staff quarters, along with a 50-seat movie theater with a private viewing balcony, and a stage complete outfitted with trap doors for magic shows. Two guesthouses\u2014a two-bedroom and a four-bedroom\u2014rest in the vicinity of the chief abode, which is also accompanied by a swimming pool and cabana; barbecue station; and basketball and tennis courts.<\/p>\n

\"Neverland<\/a><\/p>\n

The famed floral clock\u2014which spells out \u201cNeverland\u201d\u2014still remains, along with the building that once housed the Neverland Valley Fire Department (though it\u2019s no longer inhabited by full-time firefighters), and the railroad tracks and train station long ago commissioned by the legendary singer.<\/p>\n

\"Neverland<\/p>\n

Jackson\u2014who lived at the estate for 15 years\u2014shelled out $19.5 million for the ranch in 1987, though eventually defaulted on a $24.5 million loan backed by the property, which was eventually picked up by real estate investment firm Colony Capital for $23 million, which put the title into a joint venture it created with the pop star.<\/p>\n

\"Neverland<\/a><\/p>\n

Currently being managed by Sotheby\u2019s broker Harry Kolb<\/strong> and Haute Residence partner\u00a0Jeff Hyland<\/a><\/strong> of Hilton & Hyland, the high-profile listing has already attracted a great deal of attention, though the agents warn that potential buyers will have to undergo extensive pre-qualification assessments before even getting a chance to tour the property, given that the seller is only looking to grant a limited number of showings.<\/p>\n

\"Neverland5-f1c91d-1024x682\"<\/a><\/p>\n

 <\/p>\n

Photos by Jim Bartsch; details courtesy of Zillow<\/a> and the Wall Street Journal<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Once a whimsical amusement park, the late King of Pop’s former 2,700-acre estate\u2014which showcases a 12,000-square-foot, Normandy-style main house\u2014is now sporting a nine-figure price tag.<\/p>\n","protected":false},"author":34,"featured_media":3436053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[751,1749,1],"tags":[],"class_list":["post-3436048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-celebrity-corner","category-hlrn","category-news","speciality-luxury-real-estate-2","speciality-luxury-residential","speciality-residences-2"],"acf":[],"yoast_head":"\nMichael Jackson's 'Neverland' Wants $100 Million<\/title>\n<meta name=\"description\" content=\"Once a whimsical amusement park, the King of Pop's former 2,700-acre estate\u2014now known as "Sycamore Valley Ranch"\u2014is sporting a new nine-figure price tag.\" \/>\n<meta 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