Nic Cage's Former Mansion Sells for Nearly $5M

By DANIEL MACHT
|  Wednesday, Jan 27, 2010  |  Updated 4:00 AM EDT
View Comments (
)
|
Email
|
Print
Nicolas Cage: One-Man Real Estate Bubble

Getty Images

Nicolas Cage's former home has been sold.

advertisement
Photos and Videos
More Photos and Videos

Let the unwinding of Nic Cage’s assets begin.

A Sin City mansion seized from actor Nicolas Cage was sold for a cool $5 million on its first day on the market, The Associated Press reports.

An unnamed buyer snatched up Cage’s foreclosed-on 14,300-square-foot pad for close to its $4.95 million asking price, Kenneth Lowman, owner of Luxury Homes of Las Vegas, told the AP.

The move comes a week after the financially beleaguered Cage announced a plan to pay Uncle Sam $14 million in back taxes, along with any state taxes for which he might be on the hook.

In addition, Cage has been sued by real estate company Red Curb Investments for failure to pay back $3 million in loans.

Cage’s ex-gal pal also claims in a lawsuit he owes her $13 million.

And a Rhode Island finance director accused Cage this month of owing $128,000 in unpaid taxes for another mansion, according to the AP.

In October, Cage sued his business manager for $29 million, claiming he was the victim of shoddy financial advice. The manager countersued, accusing Cage of reckless spending.

Cage is set to appear in “Season of the Witch” in March.
 

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Join the Ride to Conquer Cancer
Join the Ride To Conquer Cancer, Sept. 13... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out