What has happened to Nicolas Cage's $10.5 million beachfront home in Malibu? Actor makes revelations at Los Angeles Comic Con

Nicolas Cage has said he is staying in hotels after a sinkhole destroyed a part of his beachfront home in Malibu, California. During a panel at Los Angeles Comic Con on Saturday, October 31, Nicolas Cage spoke about his current living situation. He said that due to the sinkhole, he is not able to celebrate Halloween as usual as he can't welcome children for the celebration at home. However, Nicolas Cage said that he planned to take his four-year-old daughter August Francesca Coppola Cage trick or treating in Santa Monica.

What happened to Nicolas Cage's home?

On September 8, a sinkhole formed close to Nicolas Cage's home in Malibu. The sinkhole has destroyed a part of Nicolas Cage's driveway. It has also a caused damage to the deck of the actor's beachfront home. The beachfront house was purchased by actor Nicolas Cage in 2024 for $10.5 million.


The sinkhole has also led to many issues for the whole area as it has damaged the road used by the residents to enter and exit the area. Around 31 properties have been evacuated and the officials were also concerned that there was a gas leak.

Why is Nicolas Cage staying in hotels?

During his appearance at Los Angeles Comic Con on October 31, Nicolas Cage was asked about his Halloween plans. "I'm a little bit homeless right now. My house got destroyed in Malibu so I'm just staying in hotels," he replied.

Nicolas Cage also said that he was unable to welcome people for usual trick or treaters due to the present situation. He described the situation before Halloween. The City of Malibu declared a local emergency on September 8. The situation in Malibu may worsen due to high tides and rain from Hurricane Marie. No one got injured in the incident. The American Red Cross has set up a temporary shelter at Malibu High School.

What did Nicolas Cage plan for Halloween celebration?

Nicolas Cage planned to celebrate Halloween with his four-year-old daughter despite the issues. He decided to take her trick or treating in Santa Monica. Once she has been put to bed, Nicolas Cage looked to watch Stanley Kubrick's 1980 film The Shining. He also said that he believed Stanley Kubrick directed the movie brilliantly despite being nominated for Worst Director at the Razzies.