Update: The price on Academy Award-winning actor Nicolas Cage's Bel-Air Tudor has been reduced again. According to details on the Multiple Listing Service, a sealed-offer sale is scheduled to take place Sept. 24 and the minimum opening offer is $9.95 million.
For the record: An earlier version of this story used the word bid, which might seem to indicate the house is being auctioned. The sale is not an auction.
The estate has been on and off the market since October 2006, when Cage listed it for $35 million. It had been priced earlier this year at $17.5 million.
With hidden rooms and staircases and a tower, the 1940 baronial mansion sounds as if it's straight out of a movie. The 11,817-square-foot home has six bedrooms, nine bathrooms, five fireplaces, dark wood flooring and stained glass and period details. There is a theater, a library and a 1,800-bottle wine cellar. The acre of grounds includes a swimming pool, an outdoor kitchen with a brick oven and a gated circular motor court.
Among previous owners of the home is singer Tom Jones. In 1974, owner Dean Martin commissioned the original architect, Gerard Colcord, and his associate Liza Kent to add the 2,500-square-foot entertainment complex.
Cage bought the property in 1998 for less than $7 million.
The listing agent is Stephen Shapiro, Westside Estate Agency, according to the MLS.