The sprawling 2,700-acre (1,100-hectare) estate, which once
featured a zoo and theme park rides and where Jackson was
accused of molesting a boy, is being touted for suitability for
wine-making, keeping horses and a "lifestyle of relaxation and
entertaining on a grand scale."
The estate, which was renamed Sycamore Valley Ranch several
years ago, was last offered for sale in May 2015 at $100 million
but failed to sell.
Jackson, who died from an overdose of the anesthetic Propofol in
2009 at age 50, bought the property in Los Olivos, about 120
miles (193 km) north of Los Angeles, in 1987 for $19.5 million.
After financial troubles, in 2008 he handed over the title to
the ranch to investment firm Colony Capital LLC, which held his
$23 million loan on the property.
Neverland, a name taken from the "Peter Pan" tale of a boy who
refused to grew up, became Jackson's favorite retreat. It also
was where he entertained young boys, one of whom brought
molestation charges against the "Thriller" singer that resulted
in a 2005 trial and Jackson's acquittal.
The ranch's famous railway has now been removed but the listing
by real estate company Coldwell Banker shows that the floral
clock with the word Neverland remains. Other than that, the
listing makes no mention of Jackson.
(Reporting by Jill Serjeant; Editing by Bill Trott)
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