Neverland Ranch Neverland Ranch Neverland Valley Ranch (renamed Sycamore Valley Ranch) is a developed property in Santa Barbara County, California, located at 5225 Figueroa Mountain Road, Los Olivos, California 93441, that was first named Neverland in 1988. It is most famous for being the home of the American entertainer Michael Jackson. Jackson named the property after Neverland, the fantasy island in the story of Peter Pan, a boy who never grows up. Jackson's first encounter with the ranch came when he visited Paul McCartney, who was staying there during their filming of the "Say Say Say" video. According to La Toya Jackson,
Neverland Ranch foreclosure proceedings alleged to have commenced against Neverland Ranch on October 22, 2007 were published. However, a spokesperson for Jackson said that the loan was merely being refinanced and Jackson (later his Estate) remained the majority stake holder, with a legal retention of 87.5% of the ranch. On February 25, 2008, Jackson received word from Financial Title Company, the trustee, that unless he paid off $24,525,906.61 by March 19, a public auction would go forward of the land, buildings, and other items such as the rides, trains, and art. On March 13, 2008, Jackson's lawyer L. Londell McMillan announced that