Michael Jackson’s Neverland Ranch sold to billionaire for $ 22 million

Michael Jackson’s Neverland Ranch was seen in an untouched photo.

Jim bartsch

Michael Jackson’s Neverland Ranch Billionaire businessman Ron Berkeley has found a new owner in California. His spokesman said in an email Thursday that Berkeley views the 2,700-acre property in Los Olivos near Santa Barbara.

The Wall Street Journal reports that the property was sold to Berkeley for $ 22 million, an affiliate of the late pop star and co-founder of the investment firm Yucaipa Company.

The asking price of the property was $ 100 million in 2016, then dropped to $ 67 million a year later.

In addition to the 12,500-square-foot main residence and 3,700-square-foot pool house, the property has a separate building with a 50-seater movie theater and dance studio.

Other features at the farm are a “Disney-style” train station, a fire house and barn.

A Berkeley spokesman said the billionaire was eyeing Zaca Lake – which connects the property – to a new Soho house, a one-member club with locations in Los Angeles, Miami, New York and Toronto. Berkeley eventually decided that the location was too remote and expensive for a club.

Berkeley is the controlling shareholder of Soho House.

After Berkeley saw the property from the air, he offered to buy it.

Susan Perkins | Sycamore Valley Ranch “Neverland” | Los Olivos, CA | Close the market by
SuzannePerkins on Youtube


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