Turning Cagey
Another one of Nic Cage’s palatial homes- turned foreclosure- recently sold for 3.5 million less than the original purchase price. The Las Vegas home purchased by Cage in 2006 for $8,500,000 was eventually sold post-foreclosure to a buyer at a steal of $4,900,000.
The home overlooking the Las Vegas strip boasts a 16-car subterranean garage among other luxuries. Considering the financially strapped Cage still owns about 13 other homes and two castles, it will be no surprise if you see a few more estates heading to the auction block.
January 25, 2010 | Filed Under Celebrity Foreclosure News
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