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