Michael Jackson previously rented the estate for $50,000 a month in 2006. Michael Jackson's Neverland Ranch sold for $22 million Billionaire investor Ron Burkle, a former family friend of Jackson, recently bought the sprawling 2,700-acre estate. Michael Jackson's Neverland Ranch in Santa Ynez, Calif., in 2001. Jason Kirk / Getty Images file If you wish to report an issue or seek an accommodation, please let us know. The land is picturesque, but the backstory is ugly. But according to the Journal, Burkle called the owner directly after seeing the ranch from the air. Billionaire investor Ron Burkle, a former family friend of Jackson, recently bought the sprawling 2,700-acre estate, his spokesman said on Thursday. He paid $22m (16.2m) for Neverland, the Wall Street Journal reported, citing public records and three people familiar with the deal. Then came the badincluding, Oprahs 1993 interview at Neverland (watched by 90 million people), where Jackson described disturbing child-like behaviors atypical for adultsclimbing trees, kid sleepovers, absentee parents). Jackson, who died from an overdose of the anesthetic Propofol in 2009 at age 50, bought the property in Los Olivos, about 120 miles north of Los Angeles, in 1988 for $19.5 million. Billionaire Ron Burkle, who owns investment firm Yucaipa Companies, Soho House and the Pittsburgh [+] Penguins, purchased Michael Jackson's estate for $22 million (Eugene Gologursky/WireImage for Niche Media, LLC). Please switch to a supported browser or download one of our Mobile Apps. You can find out more and change our default settings with Cookies Settings. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Michael Jackson (Photo by KMazur/WireImage). Elegant and sophisticated French Chateau estate was conceived by Richard Landry and completed in 2002 in the most prestigious area of Holmby Hills. ft. home is a 2 bed, 1.0 bath property. We may earn commission from links on this page, but we only recommend products we back. By clicking Sign up, you agree to receive marketing emails from Insider 3 Bedroom Homes for Sale in Miami FL. Mark Wahlberg Slashes Price of Beverly Hills Mansion to $80 Million After Months on the Market See Inside! Umansky also happens to be "Real Housewives of Beverly Hills" star Kyle Richards' husband, and says he has a special connection to the late king of pop. The estate now belongs to Pittsburgh Penguins co-owner Ron Burkle, the managing partner of private investment firm The Yucaipa Companies. A parkside oasis with unrivaled amenities. View more property details, sales history and Zestimate data on Zillow. Since his death Jackson has been the subject of further abuse allegations, including those made in a documentary called Leaving Neverland in 2019. Investment billionaire Ron Burkle, a friend of the late pop star, purchased the Neverland (now Sycamore Valley Ranch) is located north of Los Olivos on the border of Los Padres [+] National Forest. Jackson discovered the Neverland property in the early 1980s while visiting ex-Beatle Paul [+] McCartney, who was staying there. Now, the renovated estate is adult-centric. Web6731 George Washington Dr , Jackson, MS 39213-3115 is a single-family home listed for-sale at $75,000. Pop star Robbie Williams just toured the mansion and is reportedly interested in purchasing the estate. After years of price cuts, the ranch finally sold to billionaire Ron Burkle in December 2020 for $22 million a fraction of its original $100 million asking price, the Wall Street Journal reported. Strange to call $22 million a bargain, but a $78 million discount is a steal by any measure, even for this vast, unorthodox real estate. Take a look inside the Sycamore Valley Ranch. Beyond the magazine. The main bedroom takes its aesthetic cues from the Versace mansion. The price has been in free fall ever since. Hearst Magazine Media, Inc. All Rights Reserved. The listing comes a little more than a year after Jackson's Neverland ranch in Los Olivas, CA., sold to billionaire Ron Burkle for $22 million in December 2020. View more property details, sales history and Zestimate data on Jacksons specific dcor was removed long ago. Estimated Today Value 14.5M. LOS ANGELES Michael Jackson's famed Neverland Ranch in California has finally sold, more than 10 years after the death of the pop star who abandoned the property following his trial on charges of molesting a young boy there. Burkle, who advised the singer on financial matters in the mid-2000s, saw the property as an investment opportunity, per the Journal. 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(Kim Kulish/Corbis [+] via Getty Images). Home Where Michael Jackson Died Listed for Sale in Los Jackson's touch is still present as a dining room table and sofa that was part of the decor when the 13-time Grammy winner was a resident are still in the home. Zillow, Inc. holds real estate brokerage licenses in multiple states. Michael Jackson House outside of the majority of the area's highest-end homes. Photo: Aeon Jones. Get PC Daily delivered directly to your inbox don't miss anything!
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