---
title: Michael Jackson’s ‘Neverland’ Ranch Just Got a Lot Cheaper
description: Michael Jackson's "Neverland Ranch" gets a price cut. Jackson's home is now $33 million dollars cheaper.
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  - name: Madeline Farber
    url: https://money.com/author/madeline-farber/
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published: '2017-03-02T13:26:58.000Z'
modified: '2024-04-17T05:20:35.000Z'
section: Housing
tags:
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  - neverland ranch
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![Neverland Ranch](https://img.money.com/2015/05/gettyimages-138250593.jpg)
*Neverland Ranch*

Michael Jackson's "Neverland Ranch" is back on the market. And this time, it's cheaper.

The late pop singer's one time California ranch is going for $67 million dollars—$33 million off its original asking price, the Wall Street [*Journal*](https://www.wsj.com/articles/michael-jacksons-onetime-neverland-ranch-gets-33-million-price-cut-1488382370) reports. The ranch, which is located about 40 miles away from Santa Barbara, Calif., was originally listed for [$100 million](https://time.com/3900501/michael-jackson-neverland-ranch/) in 2015.

To explain the price cut, Suzanne Perkins, who worked as the property's 2015 listing agent, told the *Journal* that the $100 million asking price “was a difficult number to achieve." But the new price, according to Perkins, "is more in line with values in the area."

The seller is a joint venture between [Jackson's estate](https://money.com/michael-jacksons-estate-of-confusion/), and a fund managed by Colony NorthStar, which is a a real-estate investment trust, the *Journal* reports.

Jackson bought the property for $19.5 million in 1987. At the time he owned the ranch, it was known for its unusual features, such as a train station and a flowery clock that reads "Neverland." Those additions still remain. However, the 2,700 acre property is now called the “Sycamore Valley Ranch."

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