“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.

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.

Actor Nicolas Cage will be celebrating the release of his horrifying new film, Longlegs, by purchasing a knockout new home in Malibu for $16.5m (US$10.5m).