Cage's former Vegas home sells for nearly $5M
(AP) — A real estate broker says a Las Vegas mansion that belonged to Nicolas Cage before it was foreclosed on sold for nearly $5 million its first day on the market.
Records show Cage owes millions of dollars to the IRS in unpaid taxes. The Oscar-winning actor has said he's had to sell numerous assets because of his finances.
Kenneth Lowman, owner of Luxury Homes of Las Vegas, says the 14,300-square-foot, bank-owned home sold for close to the asking price of $4.95 million. Lowman says the sale is expected to close on Wednesday.
The buyer wasn't identified.
Cage sued his former business manager in October for $20 million, saying the man's advice led him toward ruin.
A finance director in Middleton, R.I., said this month that Cage owed roughly $128,000 in unpaid taxes on a mansion there.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
