NICOLAS CAGE SELLING BEL-AIR MANSION FOR $29,999,000

    Actor Nicolas Cage is selling his Tudor-style mansion in Bel-Air for an asking price of $29,999,000.
    Cage, 44, whose latest film, Bangkok Dangerous, opened on Friday, first tried to sell it two years ago for $35 million but took it off the market last year.
    The 11,817 square foot mansion was built on an acre of land in 1940 for U$110,000, which was worth just £27,500 in those days. It has nine bedrooms and bathrooms, an Olympic size pool, a wine cellar and a 35-seat cinema.
    The property, which also has a square tower, was once owned by crooner Dean Martin, who added a 2,500 square foot entertainment complex in 1974.
    Cage bought it from singer Tom Jones in 1998 for $7 million. He has a collection of homes including property in Rhode Island, New Orleans and Scotland, and spent only part of his time in Bel-Air.
    He has now leased a 3,500 square foot penthouse in a former biscuit factory built in 1925 in the hip Arts District in downtown Los Angeles.   
    The Biscuit Co. Lofts building has restaurants at street level, a gym and a convenience shop, with ornamental concrete in the lobbies and corridors, sandblasted brick, copper doors and vintage-style lights.
    Cage’s unit has 28-foot ceilings, exposed brick walls, wooden floors, huge windows, a kitchen with stainless steel appliances, and a deck running round the outside.
    The penthouse had been on the market for $4.9 million and Cage has an option to buy it if he likes it.
    Cage, who won an Oscar for the 1995 film Leaving Las Vegas and more recently appeared in the two National Treasure films, previously owned a downtown loft in the former headquarters of the Los Angeles Department of Water and Power, which he used as an office and where he and his first wife, actress Patricia Arquette, used to throw parties in the 1990s.
    The actor, currently filming Bad Lieutenant: Port of Call New Orleans, with Val Kilmer and Eva Mendes, was briefly married to Lisa Marie Presley.
    He has been married to former waitress Alice Kim, 24, for four years, and they have a son, Kal-El, who turns three next month.