See Pictures of Nicolas Cage's Foreclosed Las Vegas Mansion

6:37 PM PST 1/12/2011 by THR staff

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The multimillion-dollar property, which was sold a year ago after the bank foreclosed on the actor, is back on the market again.

Nicolas Cage's former Las Vegas mansion is back up for sale again.

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Cage bought the 14,000-square-foot property in 2006 for $8.5 million. Two years later, he listed it at $9.95 million and later lowered the price to $9.49 million but failed to find a buyer.

A year ago, the bank foreclosed on the house, and it was reportedly snapped up the first day it was on the market, for close to the asking price of $4.95 million.

Now, it's back on the market for an asking price of $7.9 million, which the listing notes is a reduced price.

According to the listing -- which refers to the property as "Nicolas Cage's Ultimate Vegas Estate" -- the two-story house (with basement) boasts eight full baths, three fireplaces, a pool, a sauna and a 16-car garage. It also features granite countertops and marble/stone flooring, plus views of the city. See more photos and the listing here.

Cage currently stars in Season of the Witch, which opened last weekend in the No. 3 spot at the box office.