Michael Jackson's Neverland Ranch has been relisted for sale at a massively reduced price in the wake of a new documentary that accuses the singer of sexual abuse.
The Neverland Ranch has been listed for the third time in three years, with the initial listing agent Suzanne Perkins of Compass hoping to offload the property with its new discounted price tag of US$31 million (NZ$45 million).
That is a 50 percent chop from the US$67 million is was listed for in 2017 and a whopping 70 percent less than the US$100 million that the property was first offered for when it hit the market in 2016.
The drastic price cut comes as the new HBO documentary Leaving Neverland details how Jackson allegedly abused Wade Robson and James Safechuck for years at the property when the two were just boys.
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"Neverland is the ultimate ranch retreat and gated estate of approximately 2,698 acres located five miles north of the town of Los Olivos," reads the property listing.
"The main residence of approximately 12,598 sq. ft. offers six-bedrooms, including a large first floor master suite with a private loft and two master baths. The home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection in 1982.
"The home is nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, incredible pastoral views to the south and majestic mountain views to the north.
"An expansive covered outdoor barbeque area is perfect for entertaining and is located adjacent to the inviting pool and nearby pool house and tennis court.
"There are multiple structures on the property including three separate guest homes, a 5,500 sq.ft. movie theater with stage, several barns, animal shelter facilities, corrals and a maintenance shop."
No mention is made however of the previous owner of the property.
The ranch has reportedly been off the market due to the fires and mudslides in the California region and not its infamous owner.
Jackson's estate owns a portion of the property along with Colony Capital, who purchased a note back in 2008 when Jackson defaulted on a loan he took out against the ranch.
He purchased it back in 1987, paying US$19.5 million at the time.
"This TRULY is a once-in-a-lifetime opportunity to own one of the most pristine 2,700-acre ranches in Southern California with total privacy and wildlife galore," said Perkins.
- Daily Mail
