Michael Jackson's home still unsold, 10 months on
Price of US$100m puts it in uber-luxury market which has slowed down, its location is off beaten luxury path
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ALMOST a year ago, in May 2015, Michael Jackson's former Neverland Ranch hit the market. The 12,598-square-foot French Normandy-style home sits on 2,698 acres (1,092 hectares) in the Santa Ynez Valley, north-east of Los Angeles. It has six-bedrooms, a four-acre lake with its own waterfall, an outdoor barbecue, a pool house, three guest houses, a tennis court, and a 5,500-square-foot movie theatre and stage. Asking price back then? US$100 million.
Asking price 10 months later? US$100 million.
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