Is Michael Jackson’s Neverland Ranch No More?
Filed Under Santa Barbara Real Estate Articles · Tagged:
It would look that way. According to the County of Santa Barbara, Michael Jackson’s name was removed from the deed in a $35 million dollar transaction the recorded earlier this month. The former Sycamore Valley Ranch (Neverland’s pre-Michael Jackson name) has been sold to an entity called the Sycamore Valley Ranch Co. LLC. While the details are not clear, it is believed that Jackson still has an interest in the property, but does not retain control. That would appear to belong to Tom Barrack and Colony Capital, another one of the partners in Sycamore Valley Ranch Co. LLC. Colony Capital was the entity that bailed out Jackson this summer when he was facing foreclosure over a $25 million dollar mortgage. What the future holds for the property, which is over 2500 acres in the Santa Ynez Valley, is also not known.






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