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.


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 © 2015, Los Angeles Times
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