Over the years the property had fallen into disrepair and Colony Capital and it’s investors have worked in recent years to restore the property and give it a new face. The zoo is no longer there and all the animals are gone and the amusement park and all of the rides are gone as well. The train station remains which still features the iconic floral clock which spells out â€œNeverland,â€ but there is no longer a trains.Michael Jackson’s former NeverLand Ranch has hit the market for a mere $100,000,000. It is now called Sycamore Valley Ranch. The famous property is located about 30 miles just outside Santa Barbara in the Santa Ynez Valley town of Los Olivos. It’s complicated, but an investment firm, Colony Capital owns the majority property which they purchased in 2008 amid Michael Jackson’s financial troubles. Jackson’s family has a minority interest in the property.