Pamela Anderson sells her jaw-dropping Malibu mansion for $11.8 million

Pamela Anderson has finally sold her jaw-dropping Malibu mansion for $11.8 million.

The sale of the 2,700 square feet home may have even broken a Malibu Colony real estate record, with each square foot being valued at more than $4,000, according to TMZ. 

The lucky new owner of the home is Loren Kreiss, the CEO and creative director of Kreiss Furniture.

Off the market! Pamela Anderson has finally sold her stunning Malibu mansion for $11.8 million 

Pamela has owned the home since 2000, when she purchased it for $1.8 million. The property recently underwent a $2 million price cut after she put it on the market earlier this year for $14.9 million. 

After a sale on the home fell through, Pamela reduced the price to $12.9 million, according to The Sun.

The property, which is located in the Malibu Colony, is roomy with four bedrooms and four-and-a-half bathrooms in what looks like a very modern tree house. The unusual structure was designed by architect Philip Vertoch.

Stars who have owned homes in the area include Ed Norton, Jim Carrey and Leonardo DiCaprio. Barbara Stanwyck, Clara Bow, Ronald Coleman and Gloria Swanson also spend time in the small community.

Home sweet home: The property is roomy with four bedrooms and four-and-a-half bathrooms in what looks like a very modern tree house

Real estate journey: Pamela first put the property on the market earlier this year for $14.9 million, and cut the price by $2 million after a sale fell through (pictured 2019)

No place like home! The lucky new owner of the home is Loren Kreiss, the CEO and creative director of Kreiss Furniture

There is a rooftop deck with a fireplace which is perfect for watching the sunset over dinner.

And the property also includes a sizable blue-bottom swimming pool that includes built-in stools and am all-wood sauna.  

Meanwhile, Pamela has been staying in her native Vancouver, where she is living on her grandmother’s former property which she bought 30 years ago.  

Marital bliss: Anderson has moved to Canada with her bodyguard husband Dan Hayhurst

The home is on Vancouver Island, in British Colombia, Canada.

The star has said she feels comfortable there during lockdown from the COVID-19 pandemic.

Her bodyguard husband Dan Hayhurst, whom she wed on Christmas Eve, is living with her. The two wed on the grounds of the dwelling.

New chapter: Pamela has been staying in her native Vancouver where she is living on her grandmother’s former property which she bought 30 years ago (pictured 2019)

‘It’s time I went back to my roots. I’m in love and recently married my “average Joe” (as he likes to call himself),’ Pamela explains of her decision to leave Malibu behind.

‘I’m creating my life here now again where it all started. It’s been a wild ride, now full circle,’ the star says.

‘I left my small town in my early twenties for Playboy, traveled all around the world, just to come home — one of the most beautiful places on earth. I made it home in one piece, a miracle. I’m a lucky girl.’

Forever and ever: Anderson wed Hayhurst on Christmas Eve