Business

Former Nicolas Cage-owned acreage sells in Malibu

Nicolas Cage, besides being one of the busiest actors in film, also famously blazed a trail losing properties across the country during his financial-woes period.

One in Malibu that recently resold for $6.3 million centers on a 1,080-square-foot bungalow that sits on 320 acres not far from Pacific Coast Highway. The three-parcel property has views of the mountains, ocean and nearby islands.

Other features include four seasonal waterfalls, lakes, an octagonal indoor garden, a caretaker’s residence, a guesthouse and horse trails.

Cage bought the property in 2000 for $10.3 million.

Kathleen Doyle of Kathy Doyle Estates was the listing agent. Michael Cunningham of Pritchett-Rapf & Associates represented the buyer.

ALSO:

Larry David curbs his price in Pacific Palisades

Candace Parker of the Sparks lists home in Playa Vista

Aziz Ansari of 'Parks and Recreation' buys home in Los Feliz

 

Copyright © 2014, Los Angeles Times
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