Nicolas Cage says he is living in hotels after a sinkhole hit his Malibu street

Nicolas Cage owns a $10.5 million house on the beach in Malibu. Right now, though, he says he is living in hotels instead.

Speaking on stage at L.A. Comic Con on Oct 31, Cage told fans he is “currently a little bit homeless” and has been staying in hotels. The reason, according to Realtor.com, Page Six and E! News, is a sinkhole that opened by his driveway in September as the coast there eroded.

What happened on Sea Level Drive

Cage bought the oceanfront home on Sea Level Drive in 2024 for $10.5 million, according to Realtor.com. It is about 4,000 square feet.

On Sept 8, a sinkhole from coastal erosion collapsed part of the road, the only way in and out of the street. The City of Malibu declared a local emergency on Sept 8, 2026. Its proclamation said seven homes were red-tagged because of hazardous conditions and 24 more because there was no longer safe vehicle access, 31 in all.

Reports differ on how big the hole is, so we are leaving the size out.

ABC7 report on a Malibu driveway collapse from coastal erosion, September 2026.

Getting the house back

Page Six reports that Cage has received emergency permits for work at the site, including sandbags, debris removal, prep for shoring, and soil sampling. None of that is rebuilding. It is the slow first job of making the ground safe enough to work on, and only after that can anyone talk about a road again.

He has not said when he expects to move back. And he is not the only famous name stuck. Realtor.com notes that other well-known owners on Sea Level Drive have been affected too.

The risk of living on the edge

On Malibu’s beachfront, some of the priciest land in the US is also some of the most exposed. A buyer gets the ocean view along with erosion and storm surge out front and wildfire and landslide risk in the hills behind, and insurance is expensive when owners can get it at all. Some can’t.

Even with money, stable ground is slow to come by: repairing a cliff or beach site costs a lot, takes time and usually needs approval from more than one agency before work starts.

Cage brought up his own situation only in passing on stage on Halloween. His street has 31 red-tagged properties, and none of them has a date to reopen yet.

Still unanswered

Cage has not said what the repairs will cost, or whether he plans to sell. If he or the city shares more, we will update this story.

Top photo: Kevin Paul via Wikimedia Commons, CC BY 4.0.