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Michael Jackson's Neverland Ranch Is Up For Sale At Discounted Rate

The late singer's former property in California is back on the market ahead of the broadcast of the controversial 'Leaving Neverland' documentary.

The ranch is now listed for $45 million --  a sharp drop in price from when it was last up for sale in 2015 for close to $100 million, Deadline reports.

Jackson purchased the ranch -- situated just 60km from Santa Barbara -- back in 1987 and gave it the name 'Neverland' as an homage to the magical land in J.M Barrie's Peter Pan. 

The property once included a private amusement park, complete with a Ferris wheel, bumper cars and a merry-go-round.

READ MORE: The Michael Jackson Doco 'Leaving Neverland' Is Set To Air On 10

'Leaving Neverland' airs on 10 and WIN this week (HBO).

READ MORE: 'Leaving Neverland' Director Says He Never Set Out To Make A Doco About Jackson

Now known as The Sycamore Valley Ranch, the property features a 12,500 square-foot main house with six bedrooms, a tennis court, train depot, and entertainment pavilion. It was originally purchased by Jackson in 1987 for $19.7 million.

The ranch is also the site where accusers Wade Robson and James Safechuck allege Jackson sexually abused them as minors.

Their allegations are included in the upcoming documentary Leaving Neverland which is set to air this week on 10 and WIN.

Leaving Neverland premieres Friday, March 8 at 9pm, and Saturday March 9, at 9:30pm On 10 and WIN Network.

Main Image: Getty Images.