The sale of Michael Jackson's former Neverland Ranch has hit a new low as the property reemerges on the market at $31 million, a 70% reduction from its original $100 million asking price in 2015. The drastic price cut follows ongoing controversy surrounding the 2019 documentary Leaving Neverland, which reignited allegations of child sex abuse against the pop icon.
Originally purchased by Jackson in 1989 for $19.5 million, the 2,700-acre estate was transformed into a themed entertainment complex featuring a zoo, carousel, and Ferris wheel. The property was previously reduced to $67 million but remained unsold before being relisted at its current price on March 1, 2019.
Renamed Sycamore Valley Ranch, the site retains its association with J.M. Barrie's Peter Pan, which inspired its original moniker. Real estate listings note the property's historical significance alongside its financial challenges, with reports citing the documentary's impact as a key factor in its prolonged sale process.
