Michael Jackson's Neverland Ranch Up For Sale

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    NEWSLETTERS

    Getty Images
    An aerial view of the Neverland Valley Ranch of singer Michael Jackson.

    One of the most iconic celebrity homes of all time is hitting the market -- Neverland Ranch, Michael Jackson's former home.

    Spin Magazine reports the investors who were running the ranch since Jackson's death have spent about $5 million a year in upkeep.

    Jackson's estate is now about $50 million in debt. The Jackson family says it's frustrated, disappointed and saddened it's come to this.

    No comment has been made on how much the ranch may go for.