Michael
Jackson's Neverland ranch which had its own amusement park and zoo is being
prepared for sale in California.
The sprawling estate, named after JM Barrie's island for the
Lost Boys in Peter Pan, was where the singer held lavish parties and played
with his chimpanzee Bubbles.
But Jackson moved out of the property in 2005 when he was tried
and acquitted of child molestation charges.
Neverland is now owned by a private investment firm called
Colony Capital which bought it from Jackson in 2008 for $23.5m when he was
heavily in debt.
Thomas Barrack, from the
company, told Bloomberg: "We've really just been custodians of an irreplaceable
estate and are proud to say we've restored it to the original elegance Michael
first envisioned.
"We are now considering putting it up for sale."
The 2,680-acre estate includes a lakeside guest house, swimming
pool, full-sized cinema and replica railway station and track.
Mr Barrack would not say what the asking price is but real
estate agents have said Neverland could sell for $50m.
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