Colony Capital, the private investment firm that manages the ranch, did not immediately respond to Business Insider's request for comment for this story. He would go on to defend himself against additional lawsuits over the next decade, which contributed to his mounting debt. (Jason [+] Mitchell/BuzzFoto/FilmMagic). That being said, Ive never seen anything quite like Zillow Gone Wilds latest local spotlight: 5025 Wateka Road, a towering, sci-fi-inspired structure near Love Field Airport that looks as though its been airlifted straight from Miami. View more property details, sales history and Zestimate data on Zillow. Check with the applicable school district prior to making a decision based on these boundaries. Jackson discovered the Neverland property in the early 1980s while visiting ex-Beatle Paul [+] McCartney, who was staying there. 'A Christmas Story' Actor Reportedly Wants to Buy the Iconic Movie House That Just Hit the Market, Derek Jeter's $22.5 Million Former Florida Mansion Once Rented to Tom Brady May Be Demolished. Billionaire investor Ron Burkle, a former family friend of Jackson, recently bought the sprawling 2,700-acre estate, his spokesman said on Thursday. Neverland garden entrance. Inset: Frank Edwards/Fotos International/Getty. Janet Jackson Lists Her NYC Apartment of 25 Years for $9 Million See Inside! For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Michael Jackson's Neverland Ranch in Santa Ynez, Calif., in 2001. Read about our approach to external linking. Umansky also happens to be "Real Housewives of Beverly Hills" star Kyle Richards' husband, and says he has a special connection to the late king of pop. Since his death Jackson has been the subject of further abuse allegations, including those made in a documentary called Leaving Neverland in 2019. After financial troubles, in 2008 he handed over the title to Colony Capital LLC, which held a loan on the property.