AP Images The train station at Neverland Ranch.Michael Jackson's famed Neverland Ranch will soon hit the market.
The 2,800-acre ranch in Santa Ynez, California hasn't been occupied since Jackson moved out in 2005. Private investment firm Colony Capital bought it in 2008 for $23.5 million, and after a restoration, plans to seek a buyer in the near future, Bloomberg reports.
Jackson bought the ranch in 1988. It features 22 buildings, including apartments and a movie theater. During his time there, the singer also installed a private railway and fairground (which has since been turned into a "zen garden").
Real estate experts say Neverland could fetch up to $50 million. An AP photographer visited the property in 2009.