Michael Jackson's 'Neverland' Hits Market With New Name

PHOTO: Michael Jackson and Lisa Marie Presley walk with children at Neverland Ranch in Los Olivos, Calif. on April 18, 1995.PlayKim Kulish/AFP/Getty Images
WATCH Neverland Ranch Being Sold With Grown-Up Price Tag

Michael Jackson's former California ranch "Neverland" is hitting the market for $100 million.

Now called "Sycamore Valley Ranch," you won't find the carnival rides and Bubbles the chimpanzee that the late performer had on the 2,700-acre estate. But there's still the floral clock that spells "Neverland" by the train station and train tracks, plus a llama at the Los Olivos property in Santa Barbara County.

PHOTO: Michael Jacksons Neverland Ranch is pictured on Nov. 18, 2003 outside of Santa Barbara, Calif.Frazer Harrison/Getty Images
Michael Jackson's Neverland Ranch is pictured on Nov. 18, 2003 outside of Santa Barbara, Calif.

Suzanne Perkins of Sotheby’s International Realty told ABC News the property is the "most spectacular ranch I've had the privilege of seeing" since she sold the $145 million El Cojo ranch in 2007, along the California coastline.

Sotheby's and Hilton and Hyland have the listing, The Wall Street Journal first reported.

PHOTO: Sycamore Valley Ranch, formerly Michael Jacksons Neverland, is shown in a 2015 real estate listing photo.Jim Bartsch
"Sycamore Valley Ranch," formerly Michael Jackson's Neverland, is shown in a 2015 real estate listing photo.

"I think the serenity and beauty of the ranch is probably what it’s all about," Perkins said. "Until someone has been there, you can’t understand how gorgeous it is. The current owners have done an immaculate job of maintaining the ranch and all its beauty."

Jackson paid $19.5 million for the ranch in 1987 and lived there for over 15 years, the Journal reported. Later, Jackson defaulted on a $24.5 million loan backed by the ranch and real estate investment firm Colony Capital bought that note for $23 million in 2008. The firm formed a joint venture with Jackson and spent millions on upgrades to sell it, the Journal reported. Perkins told ABC News that the train is no longer on the property.

PHOTO: Colony Capital, a real estate investment firm, is selling Sycamore Valley Ranch for $100 million.Jim Bartsch
Colony Capital, a real estate investment firm, is selling "Sycamore Valley Ranch" for $100 million.

The 12,000-square foot main house, located between two lakes, is one of 22 structures on the property. It has six bedrooms and an attached staff quarters.

PHOTO: A real estate photo of Sycamore Valley Ranch, 40 miles northwest of Santa Barbara in Los Olivos, formerly Michael Jacksons Neverland Ranch.Jim Bartsch
A real estate photo of "Sycamore Valley Ranch," 40 miles northwest of Santa Barbara in Los Olivos, formerly Michael Jackson's Neverland Ranch.

There are two guesthouses nearby: one with two bedrooms and another with four bedrooms.

PHOTO: Sycamore Valley Ranch, formerly Michael Jacksons Neverland, sits on 2,700 acres in Los Olivos, California.Jim Bartsch
Sycamore Valley Ranch, formerly Michael Jackson's Neverland, sits on 2,700 acres in Los Olivos, California.

Surrounded by mountains, there's a swimming pool, basketball and tennis courts and a movie theater.

PHOTO: Sycamore Valley Ranch has 22 structures on the property, including a six-bedroom main house plus staff residences.Jim Bartsch
Sycamore Valley Ranch has 22 structures on the property, including a six-bedroom main house plus staff residences.

Fans of the "King of Pop" may be disappointed that they won't get an inside look.

“We’re not going to be giving tours,” Perkins told the Wall Street Journal.

PHOTO: Michael Jacksons Neverland Ranch is pictured. Trae Patton/Getty Images
Michael Jackson's Neverland Ranch is pictured.

Jackson died on June 25, 2009 at his home in Los Angeles from an overdose. His physician Conrad Murray was found guilty of involuntary manslaughter.

PHOTO: Michael Jacksons Neverland Ranch is pictured. Trae Patton/Getty Images
Michael Jackson's Neverland Ranch is pictured.