Michael Jackson's Neverland ranch slashes price by $70 million(1/3)

File photo of the former residence of late pop star Michael Jackson (1958-2009). Known as the Neverland ranch, the iconic property is on the market for a cool $31 million, down from its original asking price of $100 million in 2015, when the famous property was first listed. (Photo/Agencies)

File photo of the former residence of late pop star Michael Jackson (1958-2009). Known as the Neverland ranch, the iconic property is on the market for a cool $31 million, down from its original asking price of $100 million in 2015, when the famous property was first listed. (Photo/Agencies)

File photo of the former residence of late pop star Michael Jackson (1958-2009). Known as the Neverland ranch, the iconic property is on the market for a cool $31 million, down from its original asking price of $100 million in 2015, when the famous property was first listed. (Photo/Agencies)