Today the good folks at Wall Street Journal Private Properties column (and Mister Big Time) are reporting that hair challenged house hopping actor Nic Cage has done sold his Newport Beach house for a whopping $35,000,000. Yes puppies, this is the very same house where Mister Cage recently awoke in the middle of the night to find a naked intruder trying on his leather jacket.

Property records show that Mister Cage, who owns ten or more properties around the world, purchased the Newport Beach house in July of 2005. Records to not indicate a purchase price however it’s rumored and reported that the real estate obsessed actor paid somewhere between $22-25,000,000 for the waterfront property.

Located on Bayshore Drive in a private community overlooking Newport Harbor, property records indicate the house measures 4,404 square feet with 4 bedrooms and 4 bathrooms, which sounds a mite small to Your Mama when you look at the photo above. Out back there is a large dock where Mister Cage parks his pretty boat named Weston, after his teenage son.

The new owner of Cage’s crib is reported to be a stunningly rich Las Vegas bizness man who made his fortune from low brow casinos, slot machines, and gas stations that feature fast food outlets. Not very klassy, but seriously lucrative.

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Mister Big Time mentioned in his discussion that Mister Cage and family have decamped back to their monstrous house on Copa de Oro Road in Bel Air that they recently removed from the market where it was priced at a shiver inducing $35,000,000. But that’s not what we hear from our always reliable informant Lucy Spillerguts who tells us that the Cage clan is actually holed up in a Santa Monica rental on Palisades Beach Road. Why Cage would rent a house on the beach when he owns so many? Well children, Your Mama has said it a thousand time before…who are we to sort out the strange real estate shenanigans of the rich and famous?

Photo: Pacific Coast News