Michael Jackson’s home has been put up for sale

The Holmby Hills mansion where he died from acute Propofol intoxication in June 2009 is on the market for $29 million and comes complete with 1.26 acres of land.

The 'King of Pop' was renting the vast property in Bel Air, Los Angeles, for $100,000-a-month with his three children, Prince Michael, 13, Paris, 12, and eight-year-old Prince Michael II, also known as 'Blanket', while he rehearsed for his 'This Is It' London residency.

However, the $29 million price tag is a significant reduction from when the home was first put up for sale in 2008 for $38 million by owner Hubert Guez – who is chief executive of the Ed Hardy fashion brand –prior to the 'Thriller' singer's death.

The gated French Chateau-style estate boasts seven bedrooms and 13 toilets, as well as a gym, screening room, spa facilities, a seven-car garage and a wine cellar complete with tasting room.

It was recently revealed Michael's famous Neverland Ranch – which he relinquished amid financial worries in 2008 – could become an official memorial park for the iconic singer.

In July, state assembly member Mike Davis revealed plans to apply to the California State Senate for backing to turn the site – which in its heyday included a zoo and Ferris wheel – into a Michael Jackson-style Graceland, the preserved home of Elvis Presley.