The 2,700-acre property near Santa Barbara, California, has been renamed Sycamore Valley Ranch. The listed price represents a significant cut from the $100 million it was on the market for last year.
In addition to a 12,000 square foot main residence and a 3,700 square foot pool house, the listing boasts a separate building with a 50-seat movie theater and a dance studio. Other features on the ranch are a “Disney-style” train station, a fire house and a barn.
Jackson sold the ranch to Colony Capital prior to his 2009 death for $22.5 million. Colony Capital is headed by Thomas Barrack, a confidant and fundraiser for President Donald Trump.
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