Buying and selling properties is a business decision and profit maker for many people. For celebrities, this business is more of a child hood style game. With more properties than he could ever live in, Nicholas Cage has chosen to unload another property to a Las Vegas business mogul.
Nicholas Cage owns properties all over the world. With homes in Rhode Island, Las Vegas, New Orleans, San Francisco, Los Angeles and overseas, Nicholas Cage seems to find fun in buying and selling properties. The latest sale, still on a hush hush level, is a home in Newport Beach, California.
Many celebrity watchers understand the reasons behind this latest home sale. The home of Nicholas Cage in Newport Beach, California was broken in to late last year. After finding the intruder in his home, Nicholas Cage rarely, if ever, stayed in the residence. The purchase price of the home has never been disclosed, but reports list the sale price as $35 million.
A celebrity was not the purchaser of the Nicholas Cage home in Las Vegas. The reported buyer was the owner of the Las Vegas powerhouse, Terrible Herbst. Terrible Herbst is an affluent business throughout the Las Vegas valley with everything from gas stations to casinos and restaurants on the business roll. One of the owners of Terrible Herbst is Edward Herbst, but reports do not list Edward Herbst as the buyer of the Newport Beach home.
Nicholas Cage will undoubtedly continue to purchase homes and then resell the homes for fun. When it comes to celebrity real estate clout, Nicholas Cage is at the apex of the business. With homes all over the United States and abroad, finding a place to stay is more of a guessing game than a decision for Cage. If ever Nicholas Cage finds himself out of work as an actor, he will have an easy move into a second career as a real estate agent.
Julia Vakulenko is a licensed broker associate with Tampa4U.com Realty. She has one of the hardest working Tampa Real Estate team in Florida specializing in Tampa Condos and also in2Va Team for Northern Virginia Real Estate. Also New Homes Search in Tampa.
Published by on June 27, 2008 03:50 PM
