Actor Nicolas Cage loses L.A. mansion to lender


Posted at Apr 09 2010 10:42 AM | Updated as of Apr 09 2010 06:42 PM

LOS ANGELES – Financially troubled Oscar winner Nicolas Cage has lost one of his personal treasures.

His 11,817 square-foot (0.27 acre) mansion in the upscale Los Angeles neighborhood of Bel-Air failed to get any bids at its $10.4 million asking price this week, and ownership reverted to a foreclosing lender, media reports said on Thursday.

The Los Angeles Times reported that Cage originally tried to sell the property for $35 million.

The newspaper quoted a real estate agent who called the interior design "frat house bordello," with framed comic books on walls.

The mansion also had model train sets on raised tracks in some rooms, in addition to a central tower, a home theater and an Olympic-sized pool, the newspaper said.

A spokeswoman for Cage was not available for comment on the report.

Cage, the star of the "National Treasure" action franchise, filed a $20 million lawsuit in October against his former business manager, accusing him of harming his personal finances.

The manager, Samuel Levin, later filed a countersuit against Cage that accused him of overspending.

Cage a year ago sold his castle in Germany and told a magazine in that country that tough economic times forced him to make the sale.

Cage won an Oscar for his role as an alcoholic with a death wish in the 1995 drama "Leaving Las Vegas." The actor has also starred in "Ghost Rider," "World Trade Center" and "Adaptation."