Despite coming narrowly close to losing his Los Olivos home, Michael Jackson has managed to stay on as owner of Neverland Ranch.

The 2500-acre property was set to go on the auction block next week due to unpaid taxes.  Luckily for Jackson, his lawyers were able to work out a private agreement that would allow him to refinance his $24.5 million debt.

It’s unclear at this point whether the singer will opt to hang on to the home or attempt to sell it on his own terms.  Michael has not actually lived on the estate since the whole 2005 child molestation scandal.

David Beckham - Victoria’s better half - is one of the parties rumored to be interested in the property.