Embattled actor Nicolas Cage -- who is facing financial troubles the likes of which few others can relate, if for no other reason that so few people out there own as much real estate as Nic -- has sold a 3,480-square-foot house in Los Angeles' Hollywood Hills for $1,375,000.
In a Big Time Listings exclusive, we can report on Cage's unremarked sale of the house at 6266 Mulholland Highway in Los Angeles. Records show that the actor's Hancock Park Real Estate Trust sold the house on October 1 to a producer who is not a celebrity, with the deal being recorded on October 30. Cage's trust purchased the house in 2005 for $1,800,000, according to public records..
For whatever reason, we have held off lately on reporting on most of the various changes to Cage's real-estate portfolio (i.e., sales, listings) that clearly have been spurred by the actor's well-chronicled financial troubles. Other websites out there have a decent job of trying to identify all of Cage's properties and provide the status of each. And once the smoke clears, we'll probably put together a similar post.
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For now, though, let's talk about the house at 6266 Mulholland Highway, which we have to confess that we had not known until now that Cage had owned. Built in 1964, the two-bedroom house has three baths, an open floor plan, jetliner views of the entire city, a large living room with a rock fireplace and terrazzo floors, and a main level master suite with a fireplace, a large bathroom area and a walk-in closet, according to public records and listing information. Outdoor features on the 0.33-acre (14,374-square-foot) lot include a pool and waterfall, according to public records and listing information. Cage most recently had been allowing an elderly resident live in the house, according to listing information.
Cage (shown here with his wife Alice, his son, Weston, and his son's girlfriend) long had expected to lose money on the Hollywood Hills house, which had been listed for $1,395,000.
Check out a cached version of a listing sheet for the house, here.