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Michael Jackson's Neverland Ranch valued at $100M

Michael Jackson's Neverland Ranch, which the King of Pop abandoned after being acquitted of child-molestation charges in 2005, is up for sale, asking price $100 million US.

King of Pop's fantasy-land home goes up for sale

The Associated Press ·
In 1995, Michael Jackson and Lisa Marie Presley walk with children who were invited guests at his Neverland Ranch home, in Santa Ynez, Calif. He would move away from the playtime palace 10 years later following his acquittal on charges he sexually abused children there. (Associated Press)

Michael Jackson's Neverland Ranch is up for sale.

The Santa Ynez Valley property that once served as the late pop star's home and personal fantasy land is being listed at $100 million US, according to the Wall Street Journal.

The 1,100-hectare ranch, which features a train station, six-bedroom house and 50-seat movie theatre, has been in limbo since Jackson's death in 2009.

Jackson paid $19.5 million for the property in 1988 and rechristened it Neverland after Peter Pan's island dwelling.

The real estate company Colony Capital LLC bailed out Jackson in 2008 after he defaulted on the $24.5 million that he owed on the property.

Jackson distanced himself from Neverland after his 2005 acquittal on charges that he molested children at the ranch, opting to live elsewhere.

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