Anderson initially wanted to rent the five-bedroom, three bathroom mansion for $20,000 a week but had little luck attracting any renters at that price.
So the “for sale” sign is now posted at the 2700-square foot home, which boasts private access to one of the most famous California beaches, an outdoor piano for entertaining at parties, an Olympic sized swimming pool and a special structure described as a Native American wigwam.
“Enter through the front stone gate, cross the small courtyard of olive trees and lavender — push open the ultra-wide swinging glass door and find yourself in an open living room and kitchen design with a top-of-the-line home theatre and black baby grand piano,” reads a listing on Trulia.com.
One of the reasons why Anderson may be anxious to part with her gorgeous Malibu digs is that she owes almost $400,000 in back taxes to the Internal Revenue Service.
Since Anderson paid less than $2 million when she purchased the property 12 years ago, she stands to make a tidy profit that will help alleviate her current financial woes.
Pamela Anderson’s house is a steal at just $7.75M (wigwam included)
HOUSE OF THE DAY: Pamela Anderson Is Selling Her Malibu Home For $7.75 Million