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A San Francisco mansion once owned by the star of “National Treasure,” Nicolas Cage, has found a buyer.
The home had last been listed for $9.95 million, and is now in “pending sale” status, The Real Deal reported.
The buyer also has an option to purchase an adjoining lot for an additional $3 million—which could push the final price upward.
Located on Russian Hill, with iconic views of the San Francisco Bay and Alcatraz Island, the historic home was the subject of a popular painting. However, it had a hard time landing a buyer.
Built in 1914, the four-story Tudor Revival initially came on the market in 2017 for $12 million.
Later that year, the price dropped to $10.95 million and stayed at that price through 2020. This March, the price was further discounted to $9.95 million.
While the prime location was a huge selling point, it needed a refresh. Renovations were recently completed, with updates including a modern kitchen with new counters and cabinets, refinished flooring, a redone powder room, and exterior paint.
Artful abode
After the renovation, the 6,305-square-foot home maintains much of the original architecture.
The front entrance has a Gothic stone archway. The main floor includes a library with a wood-burning fireplace, a formal dining room with leaded glass windows and original wood detail, and an elegant living room with windows overlooking the bay.
The second level features the primary suite, with two dressing rooms and a large bathroom. There’s an additional en suite bedroom and a mirrored wet bar on this level.
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The third floor has are two more en suite bedrooms with vaulted ceilings. A lower level has a family room, bonus room, wine cellar, and one more bedroom and bathroom.
The property also comes with a two-car garage. If the buyer picks up the adjacent lot, a guesthouse or office could be added to create a true compound.
As for the Cage connection, the star apparently picked up the place and the next-door lot for $9.4 million in 2006. He sold both properties in 2008 at a loss, for $8.5 million, the Real Deal notes.
Mark Levinson of Compass holds the listing.
Cage’s cribs
The movie star had previously owned a grand Victorian in nearby Pacific Heights, which he sold in 2005 for $3 million.
The renovated 7,000-square-foot abode came back on the market again in 2018 for $12 million. After some price cuts, it sold for $5.9 million, less than half of its original asking price.
That home still has some Cage touches: The actor added stained-glass panels featuring underwater scenes with octopuses during his stay.
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The post San Francisco Mansion Once Owned by Nicolas Cage Finds a Buyer appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/san-francisco-mansion-once-owned-by-nicolas-cage-sells/
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