Want to live like the King of Pop? Michael Jackson's Neverland ranch on sale for US$100m

Neverland Ranch is up for sale. The California property that once served as Michael Jackson's home and personal fantasyland is being listed at US$100 million, according to The Wall Street Journal.

The 2,700-acre ranch in Santa Ynez Valley, north of Los Angeles, features such amenities as a train station, six-bedroom house, 50-seat movie theatre and two lakes. It has been in limbo since Jackson's death in 2009.

Jackson originally paid US$19.5 million for the oak-and sycamore-studded property in 1988 and rechristened it Neverland after Peter Pan's island dwelling. He soon added such over-the-top amenities as a zoo and small amusement park, which have since been removed.

The real estate company Colony Capital LLC bailed out Jackson in 2008 after he defaulted on the US$24.5 million he owed on the property. Despite rumours the hilly property might be transformed into a Graceland-like homage to the late King of Pop, Colony Capital has quietly maintained the ranch.