China News Service, December 25. According to the National Broadcasting Corporation (NBC) report, the "Dream Manor" once owned by the late superstar Michael Jackson was finally sold for $22 million.
On December 24, a spokesman for American billionaire and investor Ron Burkel said that Burkel had recently bought this 2,700-acre mansion.
Data map: On March 1, 2019, the "Neverland ranch", once owned by the late superstar Michael Jackson, was relisted for sale.
According to reports, quoting the Wall Street Journal, the property was renamed "Sycamore Valley Ranch" a few years ago.
According to public records, the real estate was sold for $22 million.
A Burkel spokesperson said that Burkel believes that this investment is an opportunity for strategic land investment.
Earlier, when Burkel was investigating another location, he locked the mansion.
Later, he contacted Tom Barrack, the founder of the real estate investment company Colony Capital Group, to make a deal.
According to previous media reports, Jackson bought the mansion in 1988, named after the gate of the dream manor "Neverland" in "Peter Pan".
In 2008, Jackson owed $23 million in debt to "Dream Manor" and transferred it to the creditor, Colony Capital.
In 2015, "Dream Manor" was first sold for US$100 million; in 2017, it was relisted at a starting price of US$67 million; in 2019, the mansion sold for only US$31 million.