Santa Barbara- S County

Former Neverland Ranch drops in price to $67 million

Michael Jackson's former estate was $100 million

Michael Jackson's Neverland Ranch...

SANTA BARBARA COUNTY, Calif. - Potential Neverland buyers may not have been thrilled with its  $100 million asking price.

This week the Los Angeles Times reported that the price was cut by 33 percent to $67 million.

Team Joyce Rey of Coldwell Banker confirmed the price drop but would not comment on the seller or a possible open house.

The office will only talk with qualified buyers.

There is still a constant stream of fans visiting the gate off Figueroa Mountain Road near Los Olivos,

 Fans hope the next owner will improve the 2,700-acre property.

Some young people who go to school in the area would like to see it turned into a Graceland-style attraction but longtime Santa Ynez residents have never warmed up to that idea.

 


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