Michael Jackson's Neverland Ranch valued at $100M

Michael Jackson's Neverland Ranch is up for sale.

The Santa Ynez Valley property that once served as the late pop star's home and personal fantasy land is being listed at $100 million US, according to the Wall Street Journal.

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The 1,100-hectare ranch, which features a train station, six-bedroom house and 50-seat movie theatre, has been in limbo since Jackson's death in 2009.

Jackson paid $19.5 million for the property in 1988 and rechristened it Neverland after Peter Pan's island dwelling.

The real estate company Colony Capital LLC bailed out Jackson in 2008 after he defaulted on the $24.5 million that he owed on the property.

Jackson distanced himself from Neverland after his 2005 acquittal on charges that he molested children at the ranch, opting to live elsewhere.