MICHAEL Jackson’s Neverland Ranch is back on the market with an asking price of $A88 million.
The 1,092-hectare property near Santa Barbara, California, has been renamed Sycamore Valley Ranch. The listed price represents a significant cut from the $A132 million it was on the market for last year.
In addition to a 1160 square metre main residence and a 343 square metre 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 $29.8 million. Colony Capital is headed by Thomas Barrack, a confidant and fundraiser for President Donald Trump.