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Michael Jackson’s Neverland Ranch Will Soon Hit the Market

Michael Jackson’s famed Neverland Ranch will soon hit the market. This opulent, 2,700-acre Los Olivos, Calif. estate is being sold by the real estate investment firm Colony Capital, which owns equity in Neverland after an agreement with Jackson that took effect in 2008. “We are frustrated, bitterly disappointed and saddened that it has come to this,” a representative for Jackson’s estate told Forbes. “Sadly, Michael lost control of Neverland during his life as a result of advice from a former manager.”

Michael Jackson’s Neverland Ranch Will Soon Hit the Market
Michael Jackson turned the Neverland Ranch into the largest private fun park in the world where many thousands of children were entertained in a world which for many was a dream. The amusement park, which sits on 3,000 acres included a zoo, fairground and rail road track in tribute to his favourite fairytale Peter Pan. It features 22 buildings, including apartments and a movie theater.
Real estate experts say Neverland could fetch up to $50 million. When the King of Pop first acquired it in 1988, it’s estimated he spent between $16.5-$30 million to realize his fantastical dream.

Michael Jackson’s Neverland Ranch Will Soon Hit the Market Michael Jackson’s Neverland Ranch Will Soon Hit the Market

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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