02. 03. 2017
The legendary Michael Jackson’s ranch Neverland, which is located near Santa Barbara, is put up for auction. Its cost is $ 67 million.
According to the realtor company Coldwell Banker Previews International, the country house is put up for sale again. The ranch was withdrawn from the auction two years ago. Its original price was $ 100 million.
The decrease in the cost of the house of a popular singer is associated with a change in the state of the real estate market. The average price for similar buildings in the state of California is at the level of $ 40 million.
Michael Jackson purchased this estate in 1987 for almost $ 20 million. On the territory of the ranch, the singer’s mansion, attractions and a zoo with exotic animals are situated. The area of the estate is five times the size of the Princedom of Monaco.
Neverland is the name of the fictional city where the favorite hero of Michael Jackson — Peter Pen lived.