WEA in the LA Times
The 1940 Bel-Air estate owned until recently by actor Nicolas Cage is back on the market at $12.75 million, the Multiple Listing Service shows.
Cage lost his trophy home at a foreclosure auction earlier this month on the county courthouse steps in Pomona when it failed to generate any bids and ownership reverted to Citibank. The foreclosing lender was one of six holding a total of $18 million in loans on the English Tudor. It had been marketed as high as $35 million.
The baronial mansion, at 11,817 square feet, has a central tower, custom wine cellar, 35-seat home theater, six bedrooms and nine bathrooms. There is a brick paved motor court and a swimming pool.
Former owners of the property include entertainer Dean Martin and singer Tom Jones.
Stephen Shapiro of Westside Estate Agency, has the listing, according to the MLS.
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