Nicolas Cage Finally Sells Rhode Island Mansion

Nicolas Cage has finally found someone to spend millions of dollars on his mansion in Rhode Island.

The Ghost Rider star may have recently found a pair of buyers for the property, but he’s definitely not getting his original asking price. According to reports, the actor will have to settle with a lot less money than he was initially hoping to receive.

Although Nicolas Cage put his mansion on the market for a whopping $15.9 million, buyers Andrew and Pamela Constantine weren’t willing to cough up that much cash. Instead, the Massachusetts couple purchased the property for $6.2 million.

Unfortunately for Cage, that’s approximately $9.5 million less than the amount he wanted for the house. The actor’s Hancock Park Real Estate Trust purchased the house back in 2007 for $15.7 million. When you owe millions of dollars in back taxes to the Internal Revenue Service, sometimes you have to take what you can get.

Nicolas Cage blames his current financial woes on some bad advice and a few business decisions that ultimately went sour. In order to get square with the government, the Leaving Las Vegas star is looking to unload a few of his properties on anyone who is willing to buy.

“Our interest is solely in restorative work, in bringning it back to what it was. We’d seen it back in 1986, but missed out. When it became available again, we decided to pursue it,” the couple recently told The Boston Globe.

While he’s coming to terms with the $9.5 million loss, Cage is staying busy with a number of big-screen projects. The busy actor can currently be seen in writer-director Scott Walker’s The Frozen Ground.

Cage is also attached to the upcoming Left Behind remake with Ashley Tisdale and Lolo Jones. Sadly, the actor won’t star in The Expendables 3.

Here’s a short video about Cage’s former home.

What do you think about Nicolas Cage selling his Rhode Island mansion for a $9.5 million loss?

[Image via Debby Wong / Shutterstock.com]