Actor Nicolas Cage, who trades properties the way kids used to trade baseball cards, and his wife, Alice, reportedly have purchased a 24,664-square-foot, brick and stone country manor on 26 acres on the Atlantic Ocean in Middletown, R.I. for $15.7 million.
Today’s Providence Journal reports that Cage purchased the mansion, which is at 75 Gray Craig Road in Middletown, R.I., in Newport County. Built in 1924, the mansion sits on 26.77 acres and measures 24,664 square feet, according to public records. The mansion had been listed for $16 million.
The public records databases we have access to don’t yet show the sale, but we trust the Journal’s fine reporter Meaghan Wims, who noted that the sale was just registered in Middletown Town Hall on Tuesday. As per usual, Cage purchased the property through his Hancock Park Real Estate Trust, Wims reported. Cage reportedly bought the estate from pharmaceutical company CEO Mark Levin, who himself had bought the estate for $10.85 million in 2000, according to public records.
Check out an online listing sheet for the estate here.
Following up on Cage’s real estate portfolio can be a full-time job. Most recently, we wrote that Cage paid $3,450,000 for a well-known mansion in New Orleans’ French Quarter, although we also have written of late about Cage’s purchases in San Francisco and Las Vegas. And even more recently, our friends at the Real Estalker provided an inventory of some of Cage’s real estate, including a nice report on the 18th-century castle and adjacent estate that Cage purchased in Bath, England. One of these days, we’ll throw together the definitive list of all the properties currently in Cage’s portfolio.