The former estate of Michael Jackson, Neverland Ranch, is being prepared for sale according to this article
Thomas Barrack Jr. of Colony Capital LLC discusses the estate.
“We’ve really just been custodians of an irreplaceable estate and are proud to say we’ve restored it to the original elegance Michael first envisioned,” Barrack said. “We are now considering putting it up for sale.”
They also interviewed a broker associate, Thomas LePley, to get an idea of value on the property. “I’d say it’s worth $35 million to $50 million, depending on what they do with it. Barrack has cleaned it up and returned it to perfect condition. It had been neglected.”