Nicolas Cage Reportedly Fears Malibu Sinkhole Could Damage His $10.5 Million Home

Nicolas Cage is reportedly frustrated and worried as a large sinkhole threatens his Malibu property, according to a report citing an unnamed source. The actor’s oceanfront home has suffered damage to its driveway, and the extent of any further impact on the property remains unclear. Cage and representatives are not quoted directly in the account, so the claims about his mood and financial concerns are attributed to the source. Photographs published by Page Six on September 8 reportedly showed a sinkhole estimated at about 25 feet deep. The damage followed heavy rainfall in the Los Angeles area and high surf along the Southern California coast after Hurricane Marie formed, the article says. The mansion was built in the 1990s for broadcaster Jose Liberman and later became Cage’s property; the report says the actor purchased it two years ago for $10.5 million. A source quoted by the National Enquirer claimed Cage is taking the incident hard because of the expense and uncertainty. The insider said he has been complaining that he feels cursed and is concerned about what the damage could mean for the home’s value. The source also characterized Cage as being in an “angry headspace,” adding that he does not yet know whether other parts of the property have been affected. The report says Cage spends much of his time in Las Vegas, leaving him to manage the Malibu problem from a distance. According to the insider, he has also been frustrated by delays and red tape as he tries to work out what can be done. The source described the property’s condition in stark terms, but the article provides no independent assessment of the home’s structural safety or market value. Cage’s wife, Riko Shibata, is reportedly encouraging him not to let the crisis overwhelm him. The couple married in Las Vegas in 2021 and welcomed a daughter, August Francesca Coppola Cage, in 2022. The source claimed the property trouble has added strain at home, while also saying Shibata is trying to help her husband keep the situation in perspective. The account leaves the damage’s full scope and the repair timeline unresolved.