Billionaire Ron Burkle Buys Infamous Neverland Ranch For $22 Million

The former “Peter Pan” late King of Pop Michael Jackson has the kind of reputation that could be hell for Realtors – namely, allegations of child sexual abuse that have long damaged Jackson’s legacy, over the years. Is faster than For proof, see Jackson’s recent sale of Neverland Ranch to Ron Berkeley for a sum of $ 22 million, as reported by The Wall Street Journal.

It’s not exactly a pocket change, but it was pittance compared to the property being listed for the first time back in 2015, when its owners were very optimistic for $ 100 million. Since then, the property has seen several price cuts, before Berkeley abolished it. To put that $ 22 million value in perspective, it is not really more than the $ 19.5 million Jackson allegedly paid back for the property in 1987, before he made it to the famous, and infamous, Neverland Ranch today. Change it.

Fraser Harrison / Getty Images

He did so essentially turning the 2,700-acre property into a private amusement park, with features such as a small railroad, ferris wheel and merry-go-round. Although most of these novel facilities have been removed, the property still has 22 separate structures in total, including a 12,000-square-foot main house, several guest houses, a basketball court, a tennis court, a 50-seat private Includes movie theater. , And of course a swimming pool complete with cabana.

Berkeley officially lives in Montana, but is a prolific collector of real estate and says through a spokesman that he sees the Neverland Ranch as a “land bank opportunity”. Interestingly, he acquired the property market when it was not publicly listed after watching it from the air while investigating individual nearby properties, reportedly on the spot It was decided to try to buy it.

HLN did an extensive feature on Neverland Ranch in the spring of last year, you can see it in the video below:

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