Nicolas Cages The former home in Spanish Hills almost became his new treasure, but instead he is leaving his Las Vegas past behind.
Leaving Las Vegas and National Treasure star Cage toured his former home on Spanish Heights Drive on two separate occasions, but it was another buyer who paid $ 6 million for the seven-bedroom home, which is 14,306 square feet and sits on 0.36 acres.
Cage’s former home in the southwest of the valley marked the second highest price paid for a home in Las Vegas in July. That home was only dwarfed by the $ 10.5 million paid for a home in the Henderson upscale hilltop town of Ascaya, where KISS rocker Gene Simmons will be her new neighbor. Simmons bought a house in Ascaya this summer.
Cage’s former home
Cage bought the Spanish Hills home for $ 8.5 million in 2006, but lost it to foreclosures during the housing decline, as did many others in the valley. It sold for $ 4.95 million in 2010.
When the home came back on the market in 2020, Susie Perrine, broker and owner of Las Vegas International Realty, the realtor representing the Nebraska seller, said Cage visited the home twice to consider buying back. One of these visits was in January with his fifth wife, Riko Shibata, 26, whom 57-year-old Cage later married in Las Vegas in February. Cage was married to his third wife, Alice Kim, when he owned the Spanish Hills home.
“He came back a couple of times over the past year to look at it, to reconsider it, and he was so excited to see it and talk about all the good times he had there,” said Perrine, commenting on himself thereafter refused to describe the couple’s interactions they saw it together.
In addition to seven bedrooms, the two-story home, built in 2003, has 11 bathrooms, a commercial elevator, a 10-car garage, media room, office, game room, and a 3,000-square-foot master suite with valley views. The master bath has a steam room and sauna. A basement has luxurious finishes, a staff kitchenette and a game room.
“The house has the best views of Las Vegas,” said Perrine, who managed the property for nine years.
The house was bought by Randy and Sarah Greenberg from Southern California. She represented herself as a broker in the transaction.
Perrine said she had many Southern California buyers interested in the house, including Simmons, before buying in Ascaya. Perrine said Simmons wanted a newer home and not one to remodel.
There were other entertainers interested in the house too, she said. Perrine said the house was so popular that she had a buyer willing to pay the new owners a million dollars more than they paid.
“Spanish Hills not only has the best views of Las Vegas, it’s so close to the Strip,” said Perrine. “It’s just around the corner from the freeway.”
Perrine, who has been a broker for more than 40 years, said she had never seen a luxury market like this in Las Vegas. “It was amazing,” said Perrine. “I live in Spanish Trails and never in Spanish Trails history have we had so many sales. We had a record year and almost all of them are from California. “
Ascaya House Sells for $ 10.5 Million
Synergy Sotheby’s International Realty luxury realtor Kristen Routh-Silberman was the agent on the sale of a $ 10.5 million home designed by Las Vegas architect Richard Luke. It was built in 2020 and sits on half a hectare.
The two story home measures 10,030 square feet with seven bedrooms and five bathrooms. It has a four-car garage, 10-seat cinema, billiards room, game room, wine and whiskey bar, glass wine cellar, office, outdoor kitchen, infinity pool and spa.
“It’s an immaculate modern home,” said Routh-Silberman. “It’s very glamorous and breathtaking. It has all the bells and whistles, but the pièce de résistance is that every single bedroom in the house has a view of the Strip. Every room on both floors has a view of the Strip, with the exception of the theater and garage. The dining room, the living room, the great room, the billiards and games room, the bar and even the wine cellar all have a view of the Strip. “
Emily Sherwood of Windermere Prestige Properties represented the buyer, Robert and Jean Ann McCoy, who were moving to Ascaya from the Southern Highlands. The sellers were Iqbal and Farzana Hussain, who are building a house in the MacDonald Highlands in Henderson. Hussain is a local business owner.
Las Vegas luxury market
The latest figures from Forrest Barbee, the corporate agent of Berkshire Hathaway HomeServices, Nevada Properties, show 166 condos and homes over $ 1 million have been sold in southern Nevada. That is below the record of 172 in March.
For the year through July, there were 1,023 luxury sales, surpassing the record of 825 for all of 2020. At the end of July, 183 luxury sales were pending.
The average price of properties sold in July was $ 1.95 million, down from $ 1.73 million last year. Properties that were sold stayed in the market for 58 days, compared to 105 days the previous year, according to Barbee. There is a four month luxury home inventory, down from 10 months a year ago.
Routh-Silberman said she had seen no signs of the luxury market slowing down. She doesn’t usually have an open house in August when it’s this hot, but last week she had one in MacDonald Highlands that listed 26 qualified buyers for the house for $ 8.75 million.
“It’s hard to find 26 qualified buyers in the spring and fall, let alone on a 100-degree day with smoke (from forest fires) in the air,” said Routh-Silberman. “The house won’t last long.” Routh-Silberman said she expected to close another house in the MacDonald Highlands for $ 12.25 million soon.
She said the escalation of COVID-19 cases with the Delta variant could spur even more moves to Las Vegas and cause local residents to put their homes on the market in an attempt to change their living conditions.
“This is the busiest July and August I’ve seen in the past 10 years,” said Routh-Silberman. “I assume that more houses will come onto the market in autumn. We’re more focused on the seller market because there isn’t that much inventory or inventory changes quickly. But everyone gets their house ready in summer so that they can go to market in autumn, because autumn and spring are traditionally our best times. “
Luxury broker Ivan Sher of Berkshire Hathaway HomeService’s Ivan Sher Group said it had seen a slight slowdown in July and August due to the heat but expects a strong close through 2021.
“I expect the fourth quarter to be phenomenal,” said Sher. “I expect California to recognize that (Governor Gavin Newsom) has not been removed and that it has very few options financially and from a socioeconomic quality of life standpoint. Vegas is definitely the closest and the cost of living is only a fraction of that in California. “
Anthony Spiegel, a broker-seller at Berkshire Hathaway HomeServices Luxury Collection, said the luxury market continues to be amazing. In the past decade, Las Vegas has sold 190 homes at more than $ 4 billion, but half of that happened in the past 18 months.
According to Barbee, the median list price in July was $ 2.85 million, up from $ 2.5 million last year. According to Barbee, there were nearly 600 homes and condos priced at $ 1 million and up by the end of July. It was 631 a year ago by the end of July.
“I see that compared to six months ago, there is more inventory on the market, but much higher ratings,” said Spiegel.
