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For a whopping $35 million, Peter Pan has purchased the Neverland Ranch. Ha! Actually, the Sycamore Valley Ranch Company LLC, a Delaware-based company bought the estate from Michael Jackson.

The Santa Barbara property was originally opened as an amusement park-type home by the King of Pop back in 1988 and sprawled over 2,800 acres.

You just know they're going to find the tooth fairy buried in the backyard. And a few Christmas elves.

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