Nicolas Cage's Las Vegas Home Finally Sold

by Deidre Woollard (RSS feed)
Jan 25th 2010 at 11:04PM

The once impressive roster of homes belonging to Nicolas Cage has gradually gotten smaller and smaller. The latest to fall is his Las Vegas home. Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas has announced that he sold Cage's foreclosed, now bank-owned Las Vegas home the first day it was on the market. Cage's property located at 5100 Spanish Heights Drive in Las Vegas is now in escrow and is expected to close on Wednesday.

Cage, who had a variety of properties scattered all around the world, picked up this home in 2006 for $8.5 million. In July 2008 he listed it for $9.95 million. The 14,000-square-foot home with a 16-car garage was later discounted to $9.49 million. The seven-bedroom home is blandly extravagant with a sweeping staircase, home theater, elevator and panoramic views of Las Vegas. The home has a pool and spa and is located in a gated community for privacy. After it was foreclosed it got a discount in line with current Las Vegas prices, Lowman sold Cage's former home for close to the asking price of $4,950,000.

Last November Cage's New Orleans homes were sold back to the bank for a total of $4.5 million. His Rhode Island home still appears to be listed at $12 million.

Gallery: Nicolas Cage in Las Vegas

Tags: celebrity foreclosure, celebrity foreclosures, CelebrityForeclosure, CelebrityForeclosures, las vegas, LasVegas, nicolas cage, NicolasCage

Filed under: Estates, Celebrity Shopping

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Reader Comments (Page 1 of 1)

Spectacular Bid Jan 26th 2010 12:24AM

Not to mention his lovely 24,000 sq ft Middletown, RI estate "Grey Craig" by the superb architect Harrie T. Lindeberg is still on the market for $12M (purchased for $15.7M in 2007) and further per published reports he's delinquent on property taxes from the last three quarters.

That is roughly $128,0000 in owed taxes [let alone upkeep & heating] on a home he likely hasn't visited in a year. He likely has enough cash flow to hold off any tax-related foreclosure but unquestionably it will likely languish on the market for the foreseeable future.

http://newsblog.projo.com/2010/01/actor-nicolas-cage-owes-back-t.html

fatafati Jan 26th 2010 5:10PM

Poor guy! He doesn't deserve any of that. He should move to Miami.
I'll give him one of these
http://www.thekleerteam.com/miami-mls-listing/M1356755.htm .
At a cheap price too!