
Earlier this year, super celebrity Nicolas Cage — who has been battling financial problems after an alleged “spending binge of epic proportions” — lost his 11,817 sq. ft. sprawling mansion in Bel-Air, Calif., to foreclosure.
It subsequently failed to sell at the public auction in April 2010, garnering no interest and zero bids at the $10.4 million price tag. The Academy Award-winning actor reportedly owed $18 million on the property, which he unsuccessfully tried to sell for as much as $35 million before it was repossessed.
Los Angeles Times today reports that the six-bedroom, nine-bathroom estate recently sold for $10.5 million to an undisclosed buyer. Despite his or her anonymity, the article reveals that the new owner has hired a restoration architect to bring the 1940-era Tudor-style home “back to flawless condition.”
Perhaps a future “National Treasure” of which other famous owners/crooners like Dean Martin and Tom Jones would be proud.
For more celebrity foreclosure-related news, as well as to learn more about Cage’s other real estate in distress, click here.







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