(Cover) - EN Showbiz - The mansion where Michael Jackson died is close to a final sale.

The King of Pop died in the Los Angeles home, which is located in the exclusive Holmby Hills neighbourhood, of acute Propofol intoxication in June 2009.

TMZ reports that extremely rich investment banker Steven Mayer purchased the 17,000 sq ft, seven-bedroom abode at a price ranging between $17 and $20 million. The estate was originally listed at $24 million.

Steven reportedly had no qualms about the fact that Michael met his demise there.

The house has been on and off the market for three years.

Real estate agents were having difficulty selling the house mainly because fans flocked to the property in droves to get a glimpse of where Michael passed away.

Mauricio Umansky, the husband of Real Housewives of Beverly Hills star Kyle Richards, arranged the purchase through his company The Agency.

Kyle and her sister Kathy Hilton have been longtime friends of the Jackson family.

Although the mansion's sale is in the final stages of escrow, new owner Steven has already began moving in. (C) Cover Media