MAP! Here is a map and address of Neverland Ranch. Michael Jackson Neverland Ranch ranch is north of Santa Barbara, Los Olivos, and Santa Ynez, and south of Santa Maria.
The home is closest to the 101 Freeway.
Earlier today LALATE broke to you that Michael Jackson’s body will be transported from Los Angeles to Neverland Ranch on Thursday at 10 AM PST. A public memorial will then be held at Neverland Ranch on Friday.
Neverland Ranch is located at
5225 Figueroa Mountain Rd
Los Olivos, CA 93441
In the early part of this decade, Forbes estimated Neverland was worth at least $120 million. At the time, the ranch was in top condition. But in later years, the property deteriorated. In February 2008, Financial Title Company reported a $24 million mortgage on the property was not getting paid by Jackson and would prompt the mortgager to schedule a public auction March 2008. That sale was then halted on news Fortress Investment would become involved. It’s unclear what became of Fortress but then a May 2008 sale was back on the calendar.
That sale was stopped by an 11th hour deal between Jackson and Tom Barrack’s Colony Capital. Colony Capital picked up the note, $24.5 million, and Jackson told press in May:
“I am pleased with recent developments involving Neverland Ranch and I am in discussions with Colony and Tom Barrack with regard to the Ranch and other matters that would allow me to focus on the future.”
By November, Jackson sold an unknown property interest in the estate for $35 million. Jackson’s remaining percentage in the property is unknown.
Over the weekend, LALATE broke to you initial proposals to turn Neverland Ranch into a Graceland like museum. As of Tuesday 10 am PST is it unclear if Michael Jackson will be buried at Neverland. But initial proposals last weekend suggested that as the hope, with a return of Neverland ranch contents previously slated for a Beverly Hills auction, and a restoration of the extensive acres and grounds at the Ranch.
For continuing coverage of the Michael Jackson tragedy click here:
Below is a map of Neverland.
Michael Jackson, Neverland