Infamous car collector and famous actor, Nic Cage finally sold this house after almost 2 years of trying. They had to get the price down over 9.2 million dollars from what he paid for it, but we all know that he is not alone in this problem. Many people of all different financial stripes have had to take a bath on the sale of their residential real estate during the worse recession since the great depression in the 1930's.
Let's hope the future gets better for one of our favorite car collectors, Nic Cage, and the rest of you for that matter!
Nestled in the privacy of Paradise Valley, an inspiration for generations of American artists including William Trost Richards and a sanctuary of wild life and natural beauty, Gray Craig is an estate of unparalleled refinement.
Built in the tradition of the great English country manors, Gray Craig is an example of an expansive estate in perfect proportion to its natural surroundings. The setting for this remarkable home is stunning, 27+acres of lush landscape, dramatically extending to Nelson Pond with outstanding views of the Atlantic Ocean beyond.
Of the finest structural design, built of textured brick and stone, the manor house spreads between its flanking wings a towering slope of roof. Proportion is the good breeding of architecture, and this expanse of space and unity with the land express the power of design.
The grand hallway with a magnificent sweeping staircase introduces interiors of repose and distinction. The sense of welcome and comfort in an elaborate manner invites one into richly detailed rooms including an impressive library with a soaring barrel-vaulted ceiling, a formal living room with sweeping water views, a spacious dining room, a vintage conservatory, a handsome billiard room, and a gourmet kitchen with stone fireplace, custom hickory ceilings, and antique terra cotta floor tiles.
A perfect setting for lavish entertainment and a quiet country retreat for peaceful reflections, Gray Craig is set in the charming coastal community of Newport County, and is a haven of solace and privacy just two miles from the bustling Newport Harbor waterfront.
THE HISTORY OF GRAY CRAIG
In the late 1800s, Oliver Hazard Perry Belmont, a devoted equestrian who founded the famous Belmont Racetrack in Queens, NY and its annual Belmont Stakes race, owned 77 acres of rural ocean-side land. Belmont, along with Cornelius Vanderbilt and other leaders of Newport society, formed The Gray Craig Park Association, named for the dramatic rock outcroppings which border the property and stocked the land with wild and exotic game and birds.
Between 1924 and 1926, Mary and Michael van Beuren engaged New York architect Harrie T. Lindeburg to design a home for them in Portsmouth, Rhode Island. Lindeburg wanted a more dramatic setting and encouraged the van Beurens to purchase the Gray Craig property instead, and there he constructed a grand English country estate. The home remained in the van Beuren family for 60 years.
Recently, Gray Craig has been restored to the highest standards, including installation of a state-of-the-art heating and air conditioning system, brand new gym, and wiring for todayâ€™s technology. The property also includes a pool, a tennis court, a fish pond with fountain, a stone terrace with outdoor fireplace, heated garages, an enclosed courtyard, and terraced lawns. This property was last owned by a trust controlled by famous movie actor, Nicholas Cage and his wife.