Neverland Ranch Back on Market, for $33M Less

Michael Jackson's Neverland Ranch is back on the market with an asking price of $67 million, the AP reports. The 2,700-acre property near Santa Barbara, Calif., has been renamed Sycamore Valley Ranch. The listed price represents a significant cut from the $100 million it was on the market for last year. In addition to a 12,000-square-foot main residence and a 3,700-square-foot pool house, the listing boasts a separate building with a 50-seat movie theater and a dance studio. Other features on the ranch are a "Disney-style" train station, a fire house, and a barn. Jackson sold the ranch to Colony Capital prior to his 2009 death for $22.5 million. Colony Capital is headed by Thomas Barrack, a confidant and fundraiser for President Trump. (More Michael Jackson stories.)