BelAir

Nicolas Cage's Bel-Air Mansion Confirmed Sold

Filed under: Estates

We've been hearing rumors of it for a while but Stephen Shapiro, the real estate agent for Nicolas Cage's Bel Air mansion, confirmed to Curbed LA that an offer for the house has been accepted. The home was first on the market at $35 million and after time on and off the MLS plummeted to $17.5 million. In early September a sealed bid action was set with a minimum bid of $9.95 million. Shapiro didn't reveal who has purchased the home or for how much although one of Curbed's commenters suggests $15 million which seems to be a fairly decent guess and would still allow Cage a nice profit above the $6.469 million he paid in 1998.

Last week Cage sued his former business manager for at least $20 million claiming that the manager, Stephen Levin, mismanaged his funds so badly that he has been forced to liquidate his real estate holdings. Cage also still has an over $6 million IRS bill to satisfy.

Gallery: Nicolas Cage In Bel Air, Part 2

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Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, nicolas cage, NicolasCage

Nic Cage Faces Huge Tax Bill, Sells In Bel Air

by Deidre Woollard (RSS feed) —

Filed under: Celebrity Shopping, Wealth

For Nicolas Cage the internet seems to full of some good news and some bad news today. First the bad, TMZ has documents that show that Nicolas Cage's current total owed to the IRS is now a steep $6,257,005. But here's the good, he may have finally unloaded his Bel-Air Tudor home. The home which once belonged to singer Tom Jones and to Dean Martin was for sale for as high as $35 million back in 2006. A sealed bid auction was scheduled for September 24 with the minimum opening offer set at $9.95 million. The MLS now has the home as "looking for backup" which means an offer has been made, and hopefully will stick. Cage paid around $6.5 million for the home in 1998. Cage also recently sold his New York City apartment which had been listed at $9.75 million.

Gallery: Nicolas Cage In Bel Air, Part 2

He still has four homes on the market in the U.S.:
His Las Vegas home is listed at $9.49 million.

Gallery: Nicolas Cage in Las Vegas

His Rhode Island home sits at $12 million.

Gallery: Nicolas Cage at Gray Craig

One of his New Orleans homes is listed for $3.45 million.

Gallery: Nicolas Cage in New Orleans

The other, the haunted LaLaurie mansion is still listed for $3.55 million.

Gallery: Another Nicolas Cage Home In New Orleans

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Tags: bel air, bel-air, BelAir, celebrity real estate, CelebrityRealEstate, irs, los angeles, LosAngeles, nicolas cage, NicolasCage, taxes

Meg Ryan Re-Lists Her Bel-Air Home

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Actress Meg Ryan is testing the real estate waters once again, putting her Bel-Air home back on the market. Ryan had first put her Spanish-style home on the market a year ago for $19.5 million. Finding no takers she withdrew it from the market in February. But as the LA Times Hot Property column reports it's back again and with a lower price. The six-bedroom home was purchased for $8.995 million in 2000 and is now listed at $14.2 million.

Listing information says that the home, which was built in 1931 has had a "museum-quality" restoration that includes wood floors and ceilings, elegant tilework and graceful curved arches. Covered outdoor seating offers views of Los Angeles in the distance. It's been moderately well-staged but there are a few off notes including the placement of large photos on the kitchen counter. The property includes a pool and guest house.

Gallery: Meg Ryan in Bel Air

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Tags: bel air, bel-air, BelAir, celebrity real estate, CelebrityRealEstate, los angeles, LosAngeles, meg ryan, MegRyan

Sandy Gallin In Bridgehampton, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

You have to admire a man who has the real estate cojones to put two $32 million homes up for sale in this crazy market. Talent manager Sandy Gallin, who has represented Michael Jackson and Barbra Streisand, is also a real estate madman. Earlier this year he put a flawless home in Bel Air, California on the market for $32 million. He must like that number, that's how much he has listed his 14-acre estate in Bridgehampton for as the Wall Street Journal's Private Proeprties reveals.

If the California home is a mogul-ready manor then the Bridgehampton home is for the New York City financial tycoon looking for a bit of peace of mind on the weekends. The quiet and tasteful shingled home has seven bedrooms and a calm interior design that shows off modern country taste taken to its apotheosis. The property includes a 1.5 acre pond and a pool.

Gallery: Sandy Gallin In Bridgehampton

Tags: bel air, BelAir, bridgehampton, estate of the day, EstateOfTheDay, sandy gallin, SandyGallin

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And the View from The Top .... is Falling

by Ann Brenoff (RSS feed) —

Filed under: Estates

Update: Mohamed Hadid, he of Ritz Carlton fame, just slashed the price on his Bel-Air home from $85 million to $72 million. Will it make a difference and generate a few more land barons coming to take a look-see? Coldwell Banker listing agent Joyce Rey, the diva of Beverly Hills high-end real estate, believes so. "At the new price, this home offers a remarkable lifestyle and a great value," she says. The property, with a 48,000-square-foot main house, was featured as a Luxist Estate of the Day on Feb. 23. The home has a 5,000-bottle wine cellar and a ballroom that seats 200-250.

Gallery: $85 Million in Bel Air

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Tags: bel air, BelAir, california real estate, CaliforniaRealEstate, luxury real estate, LuxuryRealEstate, mohamed hadid, MohamedHadid, price cut, price drop, PriceCut, PriceDrop

Nicolas Cage's Bel Air Mansion Back On The Market

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Settle in with a cup of coffee on your Saturday morning, we've got a picture-ific update to the endless saga that is Nicolas Cage's real estate listings. His home on Copa de Oro Road in Bel Air, California has been on and off and back on the market several times. But as the Real Estalker says, he looks serious this time, cutting his price down to $17.5 million, neatly half of what he was asking back in September 2007 but still healthily above the $6.469 million he paid in 1998. The new listing has a gorgeous tour from Westside Estate Agency.

The pics reveal a lot more than we have seen of the house before. I've always known that Nicolas Cage is a bit of a collector but this house showcases the many things that he has amassed over the years. The framed comic books and even the giant Mickey Mouse in the casual dining room were no surprise but the huge amethyst geode was a bit of a shocker. Over at the Real Estalker Mama's place there's been quite a discussion over the decor. It's a crazy pastiche of objects, Cage is a collector who has never had to restrain himself with thoughts of budget. Rather than restricting himself to theme rooms, he has combined different styles and time periods in a way that seems more Charles Foster Kane than middle-aged movie star. The resulting spectacle is far from being a cozy domicile but it is definitely worth a look.

Gallery: Nicolas Cage In Bel Air, Part 2

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Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, estate, nicolas cage, NicolasCage

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Robert Loggia In Bel Air, Estate Of The Day

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Back in March we heard that veteran actor Robert Loggia had put his Bel Air, California home on the market. But now with a new price cut and fresh pictures it's time to take a closer look. I'll admit, at first glance this house didn't seem that appealing. It was built in 1968 and the exterior is a bit dated. It's actually rather light and bright on the interior. The five-bedroom home has a nice open floor plan with a double-height living room. The recently redone kitchen features floors that include both wood and granite that mimics the granite countertops.The pot racks with baskets hanging off it placed over the stove top is both a fire hazard and a decorating move that would give the Real Estalker Mama a nervous breakdown. The kitchen is next to a family dining area but there is also a separate dining room.

The home has nice views of the city in the distance and the two large upstairs bedrooms feature glass doors leading directly to a terrace outside. The master bedroom has been done in a heavy wood-paneled style that doesn't seem to suit the rest of the house but works well with the green marble master bath as an older gentleman's private lair. The two downstairs suites can be used for offices or guests. The home is on a half-acre lot and the backyard includes a pool and spa area. Berg Properties Celebrity Big Time Listings reports that Loggia purchased the house in 1996 for $1.45 million and renovated it. It was listed at $3.65 million but has now been reduced to $3.295 million.

Gallery: Robert Loggia In Bel Air

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Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, estate of the day, EstateOfTheDay, robert loggia, RobertLoggia

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Patrick Dempsey's Home Back On The Market At A Reduced Price

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Actor and race car driver Patrick Dempsey had his Bel Air, California home on the market earlier this year for $3.595 million. Later it was cut to $3.295 million and went into escrow. Meanwhile Dempsey and his family bought a new home in Brentwood. But something must have happened on the way to the closing because his old home is back on the market with a new lower price. The Real Estalker dishes that he paid $3.1 million for the home in 2006 so he will likely be losing money on this home. The charming New England style home has been exquisitely done in a contemporary style with deep shades of paint on the walls contrasting with cream trim and wood floors. It has a large living room, formal dining room, a chef's kitchen with white subway tiles that opens to family room and four bedrooms. The backyard includes a pool and a treehouse. The new listing is here.

This week Dempsey is in France, he is racing a Ferrari 430 GT in the 24 Hours of Le Mans.

Gallery: Patrick Dempsey in Los Angeles

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Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, los angeles, LosAngeles, patrick dempsey, PatrickDempsey

Nicolas Cage Pulls Bel Air Home Off The Market

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Today while working on a piece on the biggest real estate price drops, I discovered that one of the biggest, Nicolas Cage's Bel Air home, has been pulled off the market. Cage bought the vintage Tudor from singer Tom Jones in 1998 f for $6.469 million. He has been trying to sell the home off and on since 2006 when it was listed at $35 million and it has been on and off the market. This time the seven-bedroom home went as low as $17.5 million before Cage pulled the listing. The star is likely waiting until the real estate market peps up a bit to put his treasure back up for sale.

Gallery: Nicolas Cage in Bel Air

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Tags: bel air, BelAir, nicolas cage, NicolasCage

La Belle Vie, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

When a woman can afford to lose a few million on a home she's never lived in then you know she's got some money to throw around. While arts philanthropist Iris Cantor is willing to reduce the price her four-bedroom penthouse in New York several million below what she paid for it (she paid $15 million in 2006, it is now listed at $11.9 million) so far her home in Bel Air, California hasn't had a price drop. Give it time, it's only been on the market a couple of months. At $53 million, it enjoys some pretty rarefied air at the top of the Los Angeles real estate market.

The home on St. Cloud Road bears the name La Belle Vie, and showcases a spectacularly lavish lifestyle. The home is approximately 35,000 square feet with nine bedrooms and 21 bathrooms. As the Real Estalker reported back in February, Iris Cantor and her husband, the late Bernie Cantor of Cantor Fitzgerald bought the land and built this house in the early 1990s. It's more house than any one couple could ever need and has three kitchens, 12 wood burning fireplaces and underground parking for up to 10 luxury automobiles. The decor is unbearably fancy aspiring to a Marie Antoinette level of fripperty and flounce, flawless in every detail but lacking even the vaguest nod to livability. Crystal chandeliers, marble floors and huge draperies give this home the look of a very elegant hotel. The home features fine sculpture and rooms include a family room, den, office, media room, billiard room and a beauty parlor. Will she get her price? She had the home on the market way back in 200 for $45 million but after two years there was no sale. It seems like she couldn't have picked a worse time to try again.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: La Belle Vie

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Tags: bel air, BelAir, estate of the day, EstateOfTheDay, la belle vie, LaBelleVie, luxury real estate, LuxuryRealEstate

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More Nic Cage Price Cuts

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Nicolas Cage is at it again chopping the prices on some of his many homes for sale. Dakota over at Curbed LA reports that Cage has cut another $2.25 million off his gorgeous Bel-Air home. The Tudor which Cage bought from singer Tom Jones for $6.469 million back in 1998 was once listed as high as $35 million three years ago.

Cage has also shaved a modest $250,000 off one of his homes in New Orleans taking it down to the $3.45 million he paid for it in 2007.

Gallery: Nicolas Cage in New Orleans

Gallery: Nicolas Cage in Bel Air

Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, new orleans, NewOrleans, nicolas cage, NicolasCage

A Hollywood Lawyer in Bel Air, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's estate is the secluded retreat of Hollywood lawyer Peter Nelson. The LA Times Hot Property column reports that the dealmaker bought the home in 1997 for $2.1 million and spent more than $1 million in improvements. The traditional home sits on nearly 1.75 acres with ocean and city views. The four-bedroom home has a relaxed style that the listing likens to a Hamptons vacation home. Key features include a large family room, brick-accented country kitchen and a formal dining room. This home is listed at $5.995 million.

Gallery: A Hollywood Lawyer in Bel Air

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Tags: bel air, BelAir, california real estate, CaliforniaRealEstate, estate of the day, EstateOfTheDay, peter neslon, PeterNeslon

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Mariah Carey Buys $7 Million Mansion

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Celebrity Shopping

It looks like Mariah Carey was only dreaming when she reportedly made an offer on Fleur de Lys, the $125 million Beverly Hills mansion once ranked as the world's most expensive estate (that title is now held by the $150 million Spelling mansion). According to the Real Estalker, the pop star just purchased this somewhat more modest mansion in Bel Air (above) that once belonged to Farrah Fawcett for about $7 million. The private gated estate on 3 acres designed in the Hamptons style and originally built in 1950 is about 10,000-sq.-ft. with 6 bedrooms and 7 baths.

The property features incredible 360-degree views and the renovated house has an "Aspen-style" great room, seven fireplaces, formal living and dining rooms, a library, media room, office, an eat in gourmet kitchen. The grounds boast three gated entrances, two motor courts, a huge rectangular swimming pool with a poolside pavilion, a large brick terrace, several lush lawns areas, a gazebo, and an Indoor racquetball court. The closing price is about $2.5 million less than the sellers were originally asking.

Tags: Bel Air, BelAir, Beverly Hills, BeverlyHills, California, celebrity, Farrah Fawcett, FarrahFawcett, mansion, Mariah Carey, MariahCarey

Mohamed Hadid in Bel Air, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

At a time when even the Russians seem to be losing their fortunes is there really room on the Los Angeles real estate market? Well, we better make room because as the LA Times Hot Property column reported Ritz-Carlton developer Mohamed Hadid has listed his Bel-Air residence for a blistering $85 million. It's not the most expensive house in Los Angeles or the most expensive property in his listing agent's portfolio (both those honors go to Fleur de Lys in Holmby Hills still on the market at $125 million).

What do you get for your money? The home is on 2.2 acres of prime land that includes staff quarters over the garage, a garage big enough for two limos, a swan pond, rose gardens, an infinity pool, large spa, outdoor kitchen with a pizza oven, fireplaces and courtyard dining for 100 guests. The home itself has ten bedrooms and 48,000 square feet of space. Public rooms include a reception hall, formal living and dining rooms, an informal dining room, a family room with a bar lounge, a music room, a library, 5,000 bottle wine cellar and tasting room, a ballroom, commercial kitchen, screening room, game room and a Moroccan room. The main master bedroom suite including a sitting room, powder room, his and hers bathrooms and dressing rooms. Like many other fancy mansions, this one has its own name, Le Belvedere.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: $85 Million in Bel Air

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Tags: bel air, BelAir, estate of the day, EstateOfTheDay, mohamed hadid, MohamedHadid

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Nicolas Cage in Bel Air, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Like Dakota over at Curbed LA, I've got a weakness for the home Nicolas Cage is trying to sell in Bel Air, California. This vintage Tudor is classic old Hollywood and was once home to both Dean Martin and Tom Jones. Cage purchased the home in 1998 from Jones for $6.469 million and has been trying to sell the home off and on since 2006 when it was listed at $35 million. The seven-bedroom home is on an acre of land and has over 11,000 square feet of space. It's ridiculously, deliciously grand with a large theater, game room, wine cellar and rooms of truly epic scale. It is now listed at $19.75 million.

This isn't Cage's only price cut. The Las Vegas home he put on the market last summer has had a more modest price chop down to $9.49 million. It was listed at $9.95 million when it was our estate of the day. His Rhode Island home, which we covered back in October, remains at $15.9 million.

Gallery: Nicolas Cage in Bel Air

Tags: bel air, BelAir, celebrity real estate, CelebrityRealEstate, estate of the day, EstateOfTheDay, los angeles, LosAngeles, nicolas cage, NicolasCage

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