Michael Jackson's Neverland Ranch is officially on the market for $100 million -- double what it was expected to go for

Neverland Ranch train stationAP ImagesThe train station at Neverland Ranch.

Michael Jackson’s famed Neverland Ranch has hit the market for $US100 million.

Now called “Sycamore Valley Ranch,” the 2,700-acre ranch in Los Olivos, California was bought by private investment firm Colony Capital in 2008 for $US23.5 million.

With millions put into its restoration, the listing is being split by Sotheby’s broker Harry Kolb and Hilton & Hyland’s Jeffrey Hyland.

Hyland told The Wall Street Journal that they’re “not encouraging a lot of showings.” Added a representative from Sotheby’s, “We’re not going to be giving tours.”

Alyson Penn contributed to an earlier version of this story.

Welcome to Neverland Ranch, the famed 2,700-acre property that once belonged to the late Michael Jackson.

Passing through the gates into the driveway, visitors will see a bronze statue of children playing in front of the main house.

Here is a full view of the front of the Normandy-style mansion.

Earlier, the property had been expected to sell for $50 million.

The spacious, restored main room.

The main home has an oversized kitchen.

Here is the master bedroom, where the King of Pop slept.

And his master bathroom.

As you can imagine, the grounds are extensive and heavily manicured. Here is one of the lakes, with fountains in the center.

There are many bronze statues of children throughout the grounds.

Of course, it has a pool. The ice cream cart in the front was given to Jackson by close friend Elizabeth Taylor.

The pool house has several floors. When Jackson lived there, it was full of arcade games, according to the AP.

Adding to the whimsical nature of the estate is the custom-built train station on the grounds.

Here is the view from the back, where you can see the tracks going through.

Children and adults were photographed using the train in 2004 when Jackson threw a holiday celebration.

His guests also visited the famous fairground. Colony Capital turned the area into a 'zen garden' when it purchased the ranch in 2008.

The estate has been painstakingly restored since the singer moved out in 2005.

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