Michael Jackson‘s famous Neverland Ranch is back on the market for just a fraction of its original asking price.
Amid a legal battle with HBO’s Leaving Neverland, Jackson’s estate relisted the property, where the late pop star lived for 15 years, at a new asking price of $31 million, nearly $70 million less than its original listing from 2015.
Neverland, which is co-owned by the star’s estate and fund management company Colony Capital, comprises of 2,700 acres and a nearly 12,000-square-foot main house and was first purchased by the King of Pop in 1987 for $19.5 million.
After Jackson died in 2009, his estate and the fund manager put up the Los Olivos, California estate for $100 million six years later.
Since then, his family has struggled to sell the property, which now goes by Sycamore Valley Ranch. In 2017, they switched listing agents and reduced the asking price to $67 million, according to The Wall Street Journal.
With no interested buyers at the time, the ranch was eventually taken off the market until its recent return.
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