Michael Jackson's Neverland Ranch to go on the market

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Michael Jackson's Neverland Ranch To Go On The Market

If you're in the market for a new house, maybe we can interest you in a ranch-style home...

Only if you're feeling really ambitious though. Michael Jackson's Neverland Ranch plus nearly 2,700 acres is set to be sold.

Colony Capital, the company that owns a controlling interest in the property, is considering the move. The firm became Neverland's managing partner after striking a 23-and-a-half million dollar deal with Jackson in 2008.


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Michael Jackson's Neverland Ranch to go on the market
LOS OLIVOS, UNITED STATES: Pop superstar Michael Jackson (in red jacket), holding hands with his wife Lisa Marie Presley, walks with children at his Neverland Ranch in Los Olivos, California as he welcomes them for a three day World Children's Congress. This is one of the rare occasions that Jackson has allowed the media into his exclusive ranch, 150 miles north of Los Angeles. AFP PHOTO (Photo credit should read KIM KULISH/AFP/Getty Images)
FILE - - This July 2, 2009 file photo shows an ice cream cart given to Michael Jackson by actress Elizabeth Taylor that sits next to the pool behind the main house at the Neverland Ranch in Los Olivos, Calif. In 2014, Jackson's playtime palace sits empty now. The backyard circus and laughter of children are long gone, but the house and its fanciful memories live on. (AP Photo/Carolyn Kaster, file)
A long banquet table stretches out under a tree in the grounds behind the main house at Neverland Ranch in Los Olivos, Calif., Thursday, July 2, 2009. (AP Photo/Carolyn Kaster)
FILE - In this July 1, 2009 file photo, the train station at Neverland Ranch is shown in Los Olivos, Calif. (AP Photo/Chris Carlson, file)
A worker sweeps the drive outside the Neverland Ranch gate in Los Olivos, Calif., early Wednesday, July 1, 2009. (AP Photo/Carolyn Kaster)
Michael Jackson fans decorate with hearts messages in support of Jackson outside Neverland Ranch, Tuesday, June 7, 2005, in Los Olivos, Calif. (AP Photo/Nick Ut)
** FILE ** Guests of pop star Michael Jackson ride on one of the amusement park attractions at his Neverland Ranch,in this, Dec. 17, 2004, file photo in Santa Ynez, Calif. Jackson, in danger of losing his famed Neverland ranch to public auction this month due to millions in outstanding loans, has refinanced the property and still retains ownership of it, his lawyer said Thursday, March 13, 2008.(AP Photo/Mark J. Terrill, File)
** FILE ** The entrance to pop star Michael Jackson's Neverland Ranch home is seen in this Dec. 2004 file photo, in Santa Ynez, Calif. A court filing says Jackson's Neverland Ranch will be put up for sale at a public auction on March 19, 2008 unless the pop star pays the more than $24 million he still owes on the property. Financial Title Co. filed the notice of trustee's sale with Santa Barbara County Superior Court on Tuesday Feb. 26, 2008 (AP Photo/Mark J. Terrill, File)
A carousel, right, and ferris wheel, left, sits at pop star Michael Jackson's Neverland Ranch home, Friday, Dec. 17, 2004, in Santa Ynez, Calif. Several hundred children were invited to the estate for a holiday celebration. (AP Photo/Mark J. Terrill)
FILE - This Dec. 17, 2004 file photo shows a carousel, right, and ferris wheel, left, on the property at pop star Michael Jackson's Neverland Ranch home, in Santa Ynez, Calif., where several hundred children were invited to the estate for a holiday celebration. In 2014, Jackson's playtime palace sits empty now. The backyard circus and laughter of children are long gone, but the house and its fanciful memories live on. (AP Photo/Mark J. Terrill, file)
Bronze statues of children at play are seen at pop star Michael Jackson's home is seen here at his Neverland Ranch, Friday, Dec. 17, 2004, in Santa Ynez, Calif. (AP Photo/Mark J. Terrill)
A train full of children and adults moves through pop star Michael Jackson's Neverland Ranch home, Friday, Dec. 17, 2004, in Santa Ynez, Calif. Several hundred children were invited to the estate for a holiday celebration. (AP Photo/Mark J. Terrill)
Pop star Michael Jackson greets several hundred children that were invited guests at his Neverland Ranch home, Friday, Dec. 17, 2004, in Santa Ynez, Calif. (AP Photo/Mark J. Terrill)
Pop star Michael Jackson greets several hundred children that were invited guests at his Neverland Ranch home, Friday, Dec. 17, 2004, in Santa Ynez, Calif. (AP Photo/Mark J. Terrill)
Michael Jackson drives a bumper car ride while hosting a Martin Luther King Jr. holiday party for youngsters at his Neverland Ranch in Los Olivos, Calif., on Saturday Jan. 15, 1994 Jackson played host to more than 100 inner-city children who were treated to lunch, carnival rides, zoo animals and a showing of the movie “Beethoven’s 2nd.” (AP Photo)
Pop superstar Michael Jackson rides the merry-go-round with unidentified youngsters and adults from South-Central Los Angeles at his Neverland Ranch near Los Olivos, Calif., Jan. 15, 1994. The embattled superstar played host to some 100 inner-city youngsters during a Martin Luther King Jr. holiday excursion at his 2,600-acre ranch in Santa Barbara County. (AP Photo)
This is an aerial view of pop superstar Michael Jackson's Neverland Ranch, shown Dec. 13, 1993. (AP Photo)
LOS ANGELES, CA - JANUARY 18: In this 18 April 1995 file photo Lisa Marie Presley (L) walks with her husband Michael Jackson (R) to greet children at his Neverland Ranch in California. Cable News Network (CNN) reported 18 January that Presley has filed for divorce, citing irreconcilable differences. Jackson married the daughter of music icon Elvis Presley in 1994. (Photo credit should read KIM KULISH/AFP/Getty Images)
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The property isn't on the market just yet, but Jackson's estate issued a statement saying they are, " frustrated, bitterly disappointed and saddened that it has come to this..."

But before you jump at the possibility of owning the iconic mansion - you might want to look at the costs.

It's estimated Colony has spent $5 million every year keeping the ranch in good condition, plus it's invested roughly $50 million since it took over in 2008.

No word yet on the official asking price, but we imagine it'll cover the company's costs to date.
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