Nicolas Cage in Rhode Island, Estate of the Day

by Deidre Woollard (RSS feed)
Oct 26th 2008 at 1:02PM

The Gray Craig home in Middletown, Rhode Island as been on my radar since it was for sale for $19 million in 2005. Since then it was bought by serial house flipper Nicolas Cage for, as the Boston Globe reports, $15.7 million which is just $200,000 off from the current $15.9 million listing price.

The home is on over 27 acres of land that extends to Nelson Pond and includes views of the Atlantic Ocean beyond. The grounds feature a pool, tennis court, fish pond, stone terrace and heated garages. The brick and stone home has 12 bedrooms and was built in a grand style. Public rooms include a library with a barrel-vaulted ceiling, a formal living room with water views, dining room, vintage conservatory, billiard room, and a kitchen with a stone fireplace, custom hickory ceilings, and antique terra cotta floor tiles.

Like the Real Estalker, I find the fact that the library is now dominated by a flat screen television and a ling dining room table to be a bit disconcerting.The home is full of all sorts of huge spaces that will need more than those charming fireplaces to keep them warm in the winter months. But it is a truly impressive home for someone who has the time and money to maintain it.

Cage seems to be in a selling mood lately. We've seen both his Las Vegas home and his Bel-Air mansion on the market. but he still has plenty of properties all around the world.

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Real estate commenter extraordinaire, Spectacular Bid directs us to the video for the home made the last time it was on the market. It is after the jump.

UPDATE: This home is now listed at $12 million as of August 2009.

Gallery: Nicolas Cage at Gray Craig