From Castles to Hotel Rooms | How a Giant Sinkhole Left Nicolas Cage Temporarily Displaced

Nicolas Cage is staying in hotels after a massive sinkhole swallowed part of the driveway outside his $10.5 million Malibu home. The collapse, which began in September 2026, damaged the road leading to his beachfront property and forced nearby residents to evacuate. Speaking at Los Angeles Comic Con on October 31, the Oscar-winning actor joked that he was “currently a little bit homeless,” revealing that the situation had also disrupted his Halloween plans with his young daughter.

The unexpected housing trouble has brought renewed attention to Cage's extraordinary real estate history. Over the years, the actor has owned castles, mansions, and even a private island, before financial difficulties forced him to sell much of his property collection. From his Academy Award-winning career and unusual purchases to his marriage, children, current projects, and estimated net worth, here's a closer look at Nicolas Cage's life on and off screen.

Nicolas Cage Malibu Sinkhole: What Happened to His $10.5M Home?

A massive sinkhole began forming on September 7, 2026, and fully opened the following day along Sea Level Drive in Malibu, swallowing part of the driveway and roadway outside Nicolas Cage's $10.5 million oceanfront home. The crater expanded to approximately 25 feet deep and 30 by 60 feet wide, cutting off safe access to several nearby residences and prompting an emergency response from city officials.

The collapse occurred amid severe coastal conditions, including unusually high tides and powerful surf. Authorities also reported a gas leak near the damaged roadway. While ocean erosion and damaged infrastructure were among the concerns, officials continued assessing the full extent of the damage and the conditions that contributed to the collapse.

Malibu declared a local emergency and issued evacuation orders affecting 31 homes. Seven properties were red-tagged because of hazardous conditions, while another 24 faced possible red-tagging because the damaged road had cut off safe vehicle access for residents and emergency crews.

Cage has obtained four permits for protective work at the property as efforts continue to stabilize the area. Crews have been clearing debris, collecting soil samples, and installing sandbags to limit further damage from waves and erosion. The Sea Level Drive homeowners association is overseeing repairs to the private road, although it remains unclear when residents will be able to return safely.

During a panel at Los Angeles Comic Con on October 31, Cage revealed that he was still staying in hotels because of the damage near his home. The 62-year-old actor joked that he was “currently a little bit homeless” and explained that he would miss welcoming trick-or-treaters at his house. Instead, he planned to take his four-year-old daughter, August, trick-or-treating in Santa Monica before watching the horror classic The Shining later that night.

Who Is Nicolas Cage? His Age, Career, Movies and Oscar Win

Nicolas Cage was born Nicolas Kim Coppola on January 7, 1964, in Long Beach, California. The 62-year-old actor is the nephew of acclaimed filmmaker Francis Ford Coppola, but he adopted the stage name Nicolas Cage early in his career to establish an identity separate from his famous family. Over more than four decades in Hollywood, he has appeared in over 100 films, moving between action blockbusters, dramas, horror movies, and independent productions.

Cage made an early screen appearance in Fast Times at Ridgemont High (1982) before gaining wider attention with Valley Girl (1983). His performances in Raising Arizona and Moonstruck, both released in 1987, helped establish him as a versatile young actor. His career reached a major milestone with Leaving Las Vegas (1995), which earned him the Academy Award for Best Actor. He later received a second Oscar nomination for his dual role in Adaptation (2002).

Cage became a major box-office star in the 1990s through action films such as The Rock (1996), Con Air (1997), and Face/Off (1997). He later reached another generation of audiences as treasure hunter Benjamin Franklin Gates in National Treasure (2004) and its 2007 sequel.

His later career has included unconventional performances in Mandy (2018), Pig (2021), The Unbearable Weight of Massive Talent (2022), and the horror film Longlegs (2024). These projects introduced Cage to new audiences while reinforcing his reputation for unpredictable roles.

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Nicolas Cage's Real Estate History: Castles, Islands and Mansions

At the height of his career, Nicolas Cage assembled an extraordinary real estate portfolio that reportedly included around 15 properties, from European castles to a private island in the Bahamas. When the real estate market declined, Cage struggled to sell some of those properties while facing mounting debts and tax obligations. He later acknowledged that he had invested too heavily in real estate, leaving him financially exposed when the market weakened.

One of his biggest purchases was Schloss Neidstein, an 11th-century castle in Germany that he reportedly bought for approximately $2.6 million in 2006. He also purchased Midford Castle in England for around $6.3 million. However, he eventually sold both properties as his financial problems grew.

In 2006, Cage also bought Leaf Cay, a 40-acre private island in the Bahamas, for $3 million. A year later, he purchased the famous LaLaurie Mansion in New Orleans for $3.45 million. The historic home was known for its dark past and haunted reputation.

Cage's real estate investments and tax problems eventually led to a major financial crisis. Around 2009 and 2010, he faced reported federal tax debts totaling approximately $14 million, along with liens against some of his property. He sold assets and increased his workload to repay what he owed. In a 2023 interview with 60 Minutes, Cage said he had eventually paid his creditors and avoided filing for bankruptcy.

After his financial difficulties, Cage scaled back his property holdings. He has maintained ties to Las Vegas and previously owned luxury residences in New York, although details of his current property portfolio are not fully public. His Malibu beachfront home, purchased in 2024 for about $10.5 million, has drawn renewed attention after the September 2026 sinkhole.

Nicolas Cage Net Worth, Wife, Children and Latest Movies

Nicolas Cage's net worth is estimated at approximately $30 million as of 2026, according to Celebrity Net Worth, although other published estimates place it higher. At the peak of his Hollywood career, Cage reportedly earned between $10 million and $20 million for major film roles. His fortune declined following expensive real estate investments, financial difficulties, and substantial tax obligations. He later took on a steady stream of acting projects and said he had repaid his debts without declaring bankruptcy.

Cage is married to Riko Shibata, his fifth wife, whom he met in Japan in 2020. The couple married on February 16, 2021, in an intimate ceremony at Wynn Las Vegas. They welcomed their daughter, August Francesca Coppola Cage, on September 7, 2022. Cage also has two sons from previous relationships, Weston and Kal-El.

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Cage has remained busy with film and television projects in 2026. He starred as Ben Reilly in Spider-Noir, the live-action superhero series that premiered on Prime Video in May. His next major release is Madden, in which he portrays legendary NFL coach and broadcaster John Madden alongside Christian Bale as Raiders owner Al Davis. The film is scheduled for a limited theatrical release on November 11 before arriving on Prime Video on November 18.

Cage also stars in the World War II espionage film Fortitude, although the project has faced distribution difficulties and has no confirmed release date. He is also attached to C.L.A.Y., a psychological cyber-thriller scheduled to begin filming in London in November 2026. Looking further ahead, Cage will star alongside Antonio Banderas in HBO's fifth season of True Detective, with production expected to begin in 2027.

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