Want A Santa Barbara Getaway? Neverland Ranch on the Block
Posted Tuesday, February 26, 2008, 4:26 PM by Lonely Planet
Looking for your own slice of Santa Barbara, the American Riviera along the California Coast? One with a dragon wagon roller coaster, super slide and private zoo no less? You're in luck! That is, if you've got roughly $24.5 mill to spare...
That's the cost county assesors claim King of Pop Michael Jackson owes on his famed Neverland Ranch, which is facing potential foreclosure and a public auction on the steps of the county courthouse.
According to Yahoo News Jackson has until March 19 to pay the outstanding balance on his nearly 2,800-acre ranch, named after the fictional island of J.M. Barrie's Peter Pan. Jackson, who has owned the ranch since 1988, needs to pay a tab of $24,525,906.61 or risk losing his once-signature property.
Seems the struggling US real estate market has surely crept beyond subprime loans.
-Jay Cooke, Commissioning Editor, USA East
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1 Comments:
You'd think with the "Thriller" re-release doing so well he'd be rolling in dough.
I heard Britney's on the verge of getting evicted as well. Maybe she can get a deal on Neverland...
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