Sycamore Valley Ranch – Longtime Home of Michael Jackson Hits Market for $100 Million
The California ranch owned by the late pop star Michael Jackson, hailed as the “king of pop,” is hitting the market for $100 million.
The Los Olivos property, approximately 40 miles from the resort town of Santa Barbara, is now called “Sycamore Valley Ranch.” The home is co-listed by Hilton & Hyland president Jeff Hyland. The amusement park rides are gone, as are the orangutans and elephant, though there is currently a llama on the property.
The famous and iconic floral clock, which spells out “Neverland,” remains there, as is the building that once housed the Neverland Valley Fire Department, although it’s no longer staffed by full-time firefighters. But the railroad tracks and train station created at Mr. Jackson’s behest are still there.
The property spans about 2,700 acres and has around 22 structures on it. The Normandy-style main house, which sits between the property’s two lakes, measures about 12,000 square feet, with six bedrooms plus an attached staff quarters.
There’s a four-bedroom guesthouse near the main home and a two-bedroom guesthouse a little farther away. There’s also a swimming pool with a cabana, a barbecue area, basketball court and a tennis court. A 50-seat movie theater has a private viewing balcony, and a stage includes trap doors for magic shows.
Mr. Jackson paid $19.5 million for the ranch in 1987 and lived there more than 15 years. Real-estate investment firm Colony Capital bought the note in 2008 for $23 million and put the title into a joint venture it formed with Mr. Jackson. They retain the property now, and are the listed seller.
With a nod to Mr. Jackson’s intense and adoring fan base, each of the listing agents has said that they will be doing “extensive prequalification” of potential buyers before showing the property. “Our seller is not encouraging a lot of showings,” Mr. Hyland said.
The home is co-listed by Suzanne Perkins of Sotheby’s International Realty, who shares the listing with Harry Kolb of Sotheby’s and Mr. Hyland.