Nic Cage's Former Mansion Sells for Nearly $5M

Let the unwinding of Nic Cage’s assets begin.

A Sin City mansion seized from actor Nicolas Cage was sold for a cool $5 million on its first day on the market, The Associated Press reports.

An unnamed buyer snatched up Cage’s foreclosed-on 14,300-square-foot pad for close to its $4.95 million asking price, Kenneth Lowman, owner of Luxury Homes of Las Vegas, told the AP.

The move comes a week after the financially beleaguered Cage announced a plan to pay Uncle Sam $14 million in back taxes, along with any state taxes for which he might be on the hook.

In addition, Cage has been sued by real estate company Red Curb Investments for failure to pay back $3 million in loans.

Cage’s ex-gal pal also claims in a lawsuit he owes her $13 million.

And a Rhode Island finance director accused Cage this month of owing $128,000 in unpaid taxes for another mansion, according to the AP.

In October, Cage sued his business manager for $29 million, claiming he was the victim of shoddy financial advice. The manager countersued, accusing Cage of reckless spending.

Cage is set to appear in “Season of the Witch” in March.

Copyright AP - Associated Press
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