Another of Nicolas Cage’s properties was unloaded without heading into foreclosure. His 27-acre estate located in Middleton, Rhode Island purchased for $15.7 million in July 2007 was sold for $6.2 million less than 60 percent representing a loss of $9.5 million still slightly higher than Middleton’s median home value of $367,500.

The 1924 estate called “Gray Craig Manor House,” was built to mimic an English country manor. Stretching 18,825-square-foot, the brick and mortar property has 12 bedrooms and 11 bathrooms, which includes a library with a soaring barrel-vaulted ceiling, a gourmet kitchen with stone fireplace, a formal living room with sweeping water views, a huge dining room, a vintage conservatory, a billiard room, and antique terra cotta floor tiles.

It was revealed that the 47-year old actor only listed the property one year after he purchased it. In October 2008, he listed the cost at $15.9 million then decreased it to $12 million in September 2009. In February of last year, he dropped the cost to $9,995,000 and then to $7,750,000 ten months later.

This is the latest property that Nicolas Cage has sold. In April last year, he sold the house he bought from singer Tom Jones in 1998 for $6.5 million. In January 2010, his $8.5 million property at 5100 Spanish Heights Drive in Las Vegas costing $8.5 million was sold for just $4.95 million a day after it was put up for sale.

Aside from that, Nicolas Cage lost his New Orleans properties to foreclosure in October 2009. The Bank of Birmingham bought his Royal Street property and Prytania Street estate for $2.3 million and $2.2 million, respectively. Lastly in September 2009, he sold his New York apartment for $9.75 million. It is believed that he still has properties in the United Kingdom and Germany and owns a private island in the Caribbean.

Just last weekend, the “Leaving Las Vegas” has just been charged with domestic abuse and disturbing the peace after publicly arguing with his wife. According to the Internal Revenue Service (IRS), the actor still owes around $6.2 million worth of back taxes, which he said is due to bad business decisions and sketchy financial advice.

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