Michael Jackson's Neverland Ranch Back On The Market

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LOS OLIVOS, CA (CBSMiami/AP) — Are you in a market for a new home? Perhaps one that lets you stay young forever? Well, do we have a one of a kind listing for you!

Michael Jackson's Neverland Ranch is going up for sale with a reported asking price of $67 million.

The listed price represents a significant cut from the $100 million it was on the market for last year.

The 2,700-acre property near Santa Barbara, California, has been renamed Sycamore Valley Ranch.

In addition to a 12,000 square foot main residence and a 3,700 square foot pool house, the listing boasts a separate building with a 50-seat movie theater and a dance studio. Other features on the ranch are a "Disney-style" train station, a firehouse and a barn.

Jackson bought the property in 1988. In 2007, a private investment firm called Colony Capital bought it for a mere $23.5 million when the King of Pop was heavily in debt.

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)