Neverland Ranch, the home famously owned by the late Michael Jackson, was initially put on the market in 2015.
At the time, realtors were looking for $100 million for the estate. Unfortunately, there were no buyers. The owners of the home, the Jackson estate along with a real estate investment firm called Colony Capital, put the home back on the market in 2017 at a reduced price of $67 million. Still, no takers.
The was recently put back on the market, again for an even MORE educed price. In fact, the owners are seeking only $31 million for the property, about 70% less than what they expected it to sell for.
The home is listed under a new name, the Sycamore Valley Ranch, and along with the 12,000-square foot house features guesthouses, a lagoon-like swimming pool, a basketball court, and more. Jackson bought the property in 1987 and lived there for more than 15 years before his death in 2009.
Via Rolling Stone