America’s Most Unwanted: The Neverland Ranch and Other Unsold $100 Million Mega-Mansions

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January 26, 2016
Forbes
Kristin Tablang

Michael Jackson’s $100 million Neverland—formally known as Sycamore Valley Ranch—is still stuck on the block.

Michael Jackson Neverland - Sycamore Valley Ranch

Listed last May (sans the King of Pop’s amusement park), the 2,698-acre compound in Los Olivos showcases a 12,598-square-foot, French Normandy-style main house with six bedrooms and nine baths. Other structures include three separate guesthouses, a 5,500-square-foot movie theater with a stage, numerous barns, animal shelter facilities, and a maintenance shop.

Neverland - Sycamore Valley Ranch

 America’s Most Unwanted: The Neverland Ranch and Other Unsold $100 Million Mega-Mansions

Just a stone’s throw away, Rancho San Carlos—a nearly 238-acre ranch on the foothills of Santa Barbara—has similarly yet to find a new owner after being listed over a year and a half ago.

Rancho San Carlos

Priced at $125 million, the estate—the largest in Montecito—features a 29,483-square-foot main residence comprised of over 30 rooms (including 12 bedrooms and 13 baths), on top of 10 cottages, ample equestrian facilities, and 100 acres of fruitful orchards.

Rancho San Carlos Living Room

(Designed by Pasadena architect Reginald Johnson in 1931, the Monterey Colonial manor has been owned by the same family for nearly a century.)

Located along Millionaires Mile in Hillsboro Beach, Le Palais Royal first hit the market a year and a half ago unfinished. Now complete, the 47,774-square-foot behemoth is priced at $159 million—$20 million more than its original asking.

Le Palais Royal - Forbes

Aside from 19 bedrooms and 21 baths, the Beaux Arts-style mansion boasts a slew of outrageous features including a 120-year-old Austrian chandelier, $2 million grand staircase, 4,500-square-foot infinity pool, 26-foot gilded fountain, and the first in-home IMAX theater in the world—not to mention $3 million worth of 22-karat gold-leaf detailing.

Le Palais Royal Staircase

The grand abode also comes with a spa, bowling alley, go-cart track, and an ice-skating rink—plus a 492-foot dock, 30-car underground garage, and 465 feet of private oceanfront. America’s Most Unwanted: The Neverland Ranch and Other Unsold $100 Million Mega-Mansions

Le Palais Royal Pool

Jeff Greene’s $195 million Palazzo di Amore was the most expensive house for sale in America when it debuted on the market in November 2014. But over a year (and a severe price cut) later, the 25-acre estate remains on the shelf.

Palazzo di Amore - Jeff Greene

Now priced at $149 million, the Beverly Hills spread includes a 35,000-square-foot main house and separate guest home with a total of 12 bedrooms and 23 baths, plus a two-level, 15,000-square-foot entertainment complex complete with a state-of-the-art DJ booth, 50-seat theater, two-lane bowling alley, revolving dance floor, and laser-light system.

Palazzo di Amore - Jeff Greene - Movie Theater

Showcasing 53,000 square feet of living space, the property—built by architect Bob Ray Offenhauser and designed by Alberto Pinto—also includes a pool, spa, tennis court, and vineyard that produces 400-500 cases of wine a year, complemented by a 10,000-bottle cellar. America’s Most Unwanted: The Neverland Ranch and Other Unsold $100 Million Mega-Mansions

Palazzo di Amore - Jeff Greene - Wine Cellar

Rounding out the hard-to-sell list is Los Angeles’ second priciest: an 18,000-square-foot villa in Trousdale Estates, once owned by comedian and philanthropist Danny Thomas (who founded St. Jude’s Hospital). America’s Most Unwanted: The Neverland Ranch and Other Unsold $100 Million Mega-Mansions

Danny Thomas Estate

Apart from seven bedrooms and 10 baths, the palatial spread—which quietly crept into the market last August—contains a ballroom, media room, and motor court fit to accommodate 20 cars. Showcasing gold-leaf crown moldings, ornate tilework, and $2.5 million worth of Baccarat chandeliers, the Moorish-style abode is currently asking $135 million—nine times the amount it last sold for in 2000.

Danny Thomas Estate - Forbes

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