Michael Jackson’s Neverland Ranch Slashes Price By $70 Million
Mar. 1 2019, Published 12:29 a.m. ET
Michael Jackson’s Neverland Ranch has had a $70 million price slash amid the furor caused by the documentary where two men claim they were sexually assaulted in the home. Wade Robson and Jimmy Safechuck claimed in the disturbing moving Leaving Neverland that Jackson sexually abused them in the infamous Santa Barbara home when they were children. Jackson’s estate placed the home on the market for $100 million after his death but amid the swirling controversy over the sickening allegations the price has been lowered to just $31 million. Click through RadarOnline.com's gallery to see Jackson’s eerie Neverland Ranch.
Jackson purchased the Santa Barbara home for $19.5 million in the late 1980s. It was currently owned by Jackson’s estate and Colony Capital hedge fund. It went on the market for $100 million in 2015 but then lowered to $67 million in 2017.
Robeson and Safechuck claimed in the HBO documentary that Jackson sexually molested them in the home. The film premiered to horrified movie-goers at the Sundance Film Festival in Jan. 2019.
The 12,500 sq. ft. home was Jackson’s main residence for years and where he lived when he was accused of assaulting a 13-year-old boy but was acquitted of the charges in 2005.
A rep for Jackson’s estate told the Wall Street Journal that the documentary had nothing to do with the movie, but it was time for the property to have “new stewardship.”
Jackson “married” his nine-year-old boy pal Jimmy Safechuck in a bizarre “mock wedding” ceremony at Neverland Ranch, according to a lawsuit exposed in the new Leaving Neverland documentary.
The property photos showed no traces of Jackson at Neverland Ranch, renamed Sycamore Valley Ranch.
Upon the Leaving Neverland premiere, the Jackson estate released a statement saying the documentary is "just another rehash of dated and discredited allegations."
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