Michael Jackson’s Neverland Ranch home in Santa Ynez, Calif. Jackson’s Neverland Ranch has found a new owner in
billionaire businessman Ron Burkle. Burkle’s spokesman said in an email Thursday, Dec. 24, 2020, that Burkle bought the 2,700-acre property near Santa Barbara, California. (AP Photo/Mark J. Terrill, file)
The 2,700-acre property was sold for $22 million to billionaire Ron Burkle, an associate of the late pop star and co-founder of the investment firm Yucaipa Companies.
The asking price of the property was $100 million in 2016 then dropped to $67 million a year later.
In addition to a 12,500 square-foot main residence and a 3,700 square-foot pool house, the property 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 barn.