A default loan on the ranch was sold to Colony Capital prior to Jackson's 2009 death for around $23 million.
The firm who bought the singer's debt and then restored the property have been trying to sell the sprawling ranch for almost two years.
The property, which was listed for $100 million in May 2015, was put back up for sale with a new realtor and a new price tag of $67 million - $33 million less than what was originally wanted.
Jackson purchased Neverland in 1987 for $19.5 million and moved out in 2005 after his acquittal on charges that he molested children at the ranch.
In the news: Did you know Michael Jackson brought his own hot sauce and spray butter to the movie theater?
That's just one of the surprising things viewers may have learned about the late King of Pop in Lifetime's Michael Jackson: Searching for Neverland, the new unauthorized biopic that details the last years of his life, told from the point of view of his security guards, Bill Whitfield and Javon Beard.
Here are 13 Secrets Revealed in Lifetime's Biopic, featured on EOnline.com.