Michael Jackson's Neverland Ranch to go on the market

Michael Jackson's Neverland Ranch To Go On The Market
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.

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.