Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Step Inside Michael Jackson's Neverland Ranch, Expected To Sell For Up To $50 Million

Alyson PennAug 5, 2014, 01:11 IST

AP ImagesThe train station at Neverland Ranch.Michael Jackson's famed Neverland Ranch will soon hit the market.

The 2,800-acre ranch in Santa Ynez, California hasn't been occupied since Jackson moved out in 2005. Private investment firm Colony Capital bought it in 2008 for $23.5 million, and after a restoration, plans to seek a buyer in the near future, Bloomberg reports.

Jackson bought the ranch in 1988. It features 22 buildings, including apartments and a movie theater. During his time there, the singer also installed a private railway and fairground (which has since been turned into a "zen garden").

Real estate experts say Neverland could fetch up to $50 million. An AP photographer visited the property in 2009.