LOS OLIVOS (AP) — Michael Jackson’s Neverland Ranch is back on the market with an asking price of $67 million.
The 2,700-acre property near Santa Barbara has been renamed Sycamore Valley Ranch. The listed price represents a significant cut from the $100 million it was on the market for last year.READ MORE: Derrick Smith, Beloved Security Guard Killed In Long Beach, Identified As Hit-And-Run Victim, While Suspect Still At-Large
In addition to a 12,000 square foot main residence and a 3,700 square foot pool house, the listing boasts a separate building with a 50-seat movie theater and a dance studio. Other features on the ranch are a “Disney-style” train station, a fire house and a barn.READ MORE: California's June 15 Economic Reopening Has Many Residents Rejoicing, While Others Say They're Worried
Jackson sold the ranch to Colony Capital prior to his 2009 death for $22.5 million. Colony Capital is headed by Thomas Barrack, a confidant and fundraiser for President Donald Trump.MORE NEWS: 400-Acre Flats Fire 10% Contained, 2 Homes Destroyed, A Firefighter Injured And Experts Worried About Dry Conditions Across Southland
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