Nicolas Cage Bel Air Home on Auction Block
Cage bought the house in 1998 for $6.469 million, but borrowed against it so many times that he owes more than $17 million on the property, according to Curbed LA. Opening bid is set for just over $11 million, reports Active Rain, which is more than the original sealed bid minimum of $9.95 million his real estate agent at Westside Estate Agency was seeking back in the fall.
One thing's for sure: Whoever buys it will need a lot of primer before they throw on some paint. (You'll see what we mean.)The stately brick home at 363 Copa de Oro Rd has been on and off the market for nearly four years, with an original list price of $35 million. Previous owners include Tom Jones and Dean Martin, according to the listing details presented by agent Stephen Shapiro. It is still on the MLS for $17.5 million.
The gated house has dark wood flooring, marble fireplaces, stained glass and intricate original details throughout. With 9 bedrooms, 9 baths and over 11,000 sq ft, it also has a theater, library, hidden rooms, a pool, and a wine cellar that can store more than 1,800 bottles.
The actor owned 15 sprawling estates around the world, including a 28-room Bavarian castle on 395 acres, and the Gothic-style Milford Castle in Bath, built in 1775 by Henry Disney Roebuck, but has sold some and lost some to foreclosure to help ease his IRS woes, according to earlier HousingWatch reports here, and here.
Cage may be a bad bookkeeper, but it's possible his interior design skills are even worse: the house's color scheme of red, purple and green hues are, well, eccentric, to say the least. See our slideshow below of images by photographer Everett Fenton Gidley as shown in the listing.
See more homes for sale in the 90077 Zip code on AOL Real Estate.
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