London, Oct 23 : Hollywood actor Nicolas Cage has finally found a buyer for his Bel Air mansion in Los Angeles.

The property has reportedly sold for a fraction of his original asking price.

The ‘Conair’ star had first put the home, which once belonged to Tom Jones and Dean Martin, on the market in 2007 with a massive 23.3 million pounds price tag.

However, after 12 months, he dropped the price to 11.7 million pounds and later set up a silent auction, with bids starting at 6.6 million pounds - 28 per cent of the original asking price.

According to property website LA. Curbed. com, the actor has finally accepted an offer for the mansion, said to be between 6.6 million pounds and 10 million pounds, reports Daily Express.

The star is said to be reassessing his finances so he can pay off a string of tax bills dating back to 1997. (ANI)