Michael Jackson’s Neverland ranch still can't find anyone who will pay the $100m
27.11.2015 20:30
The owners of Michael Jackson's Neverland ranch have still not found a buyer willing to pay the $100million, it has emerged.
Wealthy clients in China are being urged to snap up the late singer's former home in Santa Barbara County in California which has already been on the market for six months.
Buyers are being offered a 1,091-hectare estate complete with the mansion, guest cottages, farm and lake.
Jackson, whose hits included Don't Stop 'Til You Get Enough and Thriller, bought the ranch in 1987 for $19.5million.
Neverland famously featured a zoo and themepark rides, but these have since been removed and the property has been rebranded as 'Sycamore Valley Ranch'.
According to the South China Morning Post, it is listed on the luxury Hong Kong marketplace Luxify with the aim of attracting interest from Chinese entrepreneurs.
The website reports that it is managed by the singer's estate and Luxify has joined forces with a Los Angeles-based firm to improve the prospects of a sale.
Alexis Zirah, co-founder of Luxify, is quoted as saying: 'Chinese wealthy individuals are looking to invest abroad for financial and immigration reasons and the Michael Jackson aspect has quite a big resonance in China.'
Neverland hit the market for the first time earlier this year complete with 22 structures, including a giant Normandy-style main house.
Most of the telltale signs if its former famous owner have been erased turning the property from a fun park into a grand estate.
But while the rides have now been removed, there are still plenty of things to do with the property featuring a swimming pool with a cabana, basketball court, tennis court and BBQ area.
A 50-seat movie theatre with a 'private viewing balcony' remains as well as a stage that 'includes trap doors for magic shows'.
It is thought the annual upkeep for the property when Jackson was living there was as high as $3million with up to 54 full-time paid staff manning the estate.
Jackson moved out of his beloved home after his 2005 acquittal on charges that he molested children at the ranch.
He opted to live elsewhere until his overdose death in 2009.
(dailymail.co.uk)
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