Former professional wrestler, Hulk Hogan, has been waiting for a new buyer to pull moving trucks
up the driveway of his Florida mansion and move in since 2006. But the poor housing economy has forced Hogan to drop the home's listing price four times, as no buyers have made an acceptable offer.
The house was originally listed at $25 million, and after numerous price cuts, it is currently available for $8.5 million, the Daily Mail reported. The fifty-eight-year-old muscle man worth $32 million is using his celebrity status to help attract buyers to the 17,000-square-foot Mediterranean-style mansion.
The property has five bedrooms, eight bathrooms, a gym and spa, a five-car garage and a pool with a two-tiered waterfall. Built in 1996, the Tudor style property has vaulted beamed ceilings, dark hardwood and tiled floors and sits on the Gulf of Mexico.
According to TMZ, the body-building star's home was a main focal point in the Hogan family's television show, Hogan Knows Best, but its fame has not been able to attract any buyers. Trulia reported that Hogan's neighborhood, Clearwater, Florida, currently has an average listing price of $216,868, but has experienced a 12.1 percent decrease in home sales compared to the same time in 2010. The area currently has 1,864 homes up for sale, and 1,870 recently sold.