The 2,698-acre Central California landmark, which was previously owned by Michael Jackson, comes to market for $100 million. Located five miles north of Los Olivos, the property features extensive improvements including a four-acre lake, meticulous gardens, and a 12,598-square-foot Robert Altevers-designed main residence with six bedrooms and seven baths. Additional structures on the property include three separate guest homes, a 5,500-square-foot movie theater, several barns, corrals, and a maintenance shop. Jackson bought the ranch near in 1988 for approximately $18 million. Originally part of the Rancho La Laguna, a 48,000-acre Mexican land grant, the ranch slopes down from Lookout Mountain and Zaca Ridge to Alamo Pintado Creek. The Ranch was acquired in 1977 from the estate of one of the founders of Crocker National Bank. It is situated in the heart of Santa Ynez wine country close to Firestone Vineyard, Fess Parker, and Qupe.
Suzanne Perkins of Sotheby’s International Realty Santa Barbara has the listing.