The post Nicolas Cage Adds $10.5 Million Malibu Mansion to His Property Portfolio—and It Truly Is a 'National Treasure' appeared first on Real Estate News & Insights | realtor.com®.

Oscar-winning actor Nicholas Cage just plunked down $10.5 million for a beach house in Western Malibu. The actor, who lives full-time in Nevada, bought the longtime family home of Lenard Liberman of LBI Media.

Nicolas Cage is the new owner of a $10.5 million glass-walled Malibu beach house, the New York Times reports. The Longlegs star seems to be dipping a toe back into the real estate pool after a string of lavish property purchases he made around the 2008 housing crash left him with deep financial woes.

“Yes, Nicolas Cage bought our home in Malibu,” Lenard Liberman, a co-founder of Liberman Broadcasting, said in a text to The New York Times. The four-level, nearly 4,000-square-foot home was bought for $10.5 million last month, according to the deed recording the sale, as well as Mr. Liberman.