The home, which is located nearly 1hour away from Los Angeles is Santa Barbara sits on nearly 2500 acres and is about 4 square miles of property.

The insider tells us that if successful, Jay and Bey plan on creating not only a home for themselves on the property but a number of state of the art recording studios.

But it’s not clear if the Neverland Ranch is even for sale. According to our snitch, there are a number of legal issues that have to be solved before the executors of MJs can even put it up for sale.

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