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 years of home building...I achieved here all the things I wanted to do in my business but could not". He had considered converting the property to a country club but did not do so. Michael Jackson purchased the estate from Bone in 1988 for an amount that is not certain. Some sources indicate $19.5 million while others suggest it was closer to $30 million US dollars. The property was initially purchased by a trust with Jackson's lawyer, John Branca, and his accountant, Marshall Gelfand, as trustees, for reasons of privacy. The arrangement was later rescinded by Jackson in April 1988