A real estate beat down? Hulk Hogan sells Gulf Coast mansion for $6m (after asking for $25m five years ago)

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Wrestler Hulk Hogan has finally sold his infamous 17,000-square-foot Gulf front estate for $6.2million, down more than $18million from his original asking price.

Hogan, whose real name is Terry Bollea, bought the land with his then-wife Linda in 1992 for $2million and built the house in 1996.

He put it on the market soon after Linda filed for divorce from him and a slew of costly lawsuits drained money from the wrestler.

Sold! Hulk Hogan's massive mansion was sold to an unnamed buyer for a paltry $6.2million, millions less than the original asking price

Lap of luxury: The mansion has five bedrooms, eight full baths and three half baths, a gym, and a rec room with its own kitchen

Spacious: The estate has more than 17,000 square feet on an acre and a half of land
The reality TV series Hogan Knows Best was filmed in the elaborate home.

Hulksanity: Hulk Hogan is famous for his moves
in the ring, and his bleach-blonde mustache 

Five years ago, Hogan originally listing the waterfront property for $25million, the Tampa Bay Times reported.

Due in part to the stagnant housing market, the reality star and wrestler had to dramatically lower the price.

According to Zillow, the home reached its peak work in December 2007, plummeting sharply – along with millions of other homes – as the housing bubble burst.

The identity of the cash buyer is not listed in Multiple Listing Service data.

The mansion has five bedrooms, eight full baths and three half baths, a gym, and a rec room with its own kitchen.

And because it’s the Hulk, it also features a tanning room, a wet bar, a hot tub, a guest house, and a swimming pool with waterfalls.

The mansion is situated on a bluff overlooking the Intracoastal Waterway and has two boat lifts as well as a space for water crafts.

Recently, Hogan has appeared in promotional spots for Rent-A-Centre. In 2010, he even attempted a few fights in the ring.

According to celebritynetworth.com, the Hulk is still worth about $30million, because he receives residuals from his brand, Hulk Hogan.

He has also invested in real estate and business.

Palatial: The land for the estate was purchased for $2million in 2002, and was completed some time after; it even features a tanning room!

Life's a beach: The property features a pool, hot tub, and sweeping views of the Florida waterways


Read more: http://www.dailymail.co.uk/news/article-2129976/Hulk-Hogan-sells-Gulf-coast-mansion-6m--asking-25m-years-ago.html#ixzz1sBoBWCzZ