Nicolas Cage's home on the Balboa Peninsula built in 1913, cottage style did not sell. Nicolas Cage tried to sell the home and dropped the price 3 times before he took it off the market because the home just did not sell. The original price was 1.9 million.
Nicholas Cage's trust paid 1.7 million for the home in December of 2006 the home was able to secure a renter instead of selling, because it just did not sell.
The home is a 1500 sq ft one story cottage, just a few doors from the sand steps to the Newport Pier. It is a 3 bedroom home that had been remodeled and had a granite kitchen and with maple cabinets. Don't be too sad Nicholas Cage's home that was on Bay Shore Drive sold in January 2008 for $35 million.
Nicholas Cage is selling off many of the homes he had all around the world at this time many of them at a loss. He also suffered losses in two homes that were in New Orleans to foreclosure.
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