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Burt Reynolds has chopped the price of his 3.39-acre waterfront estate in Tequesta, Fla., originally listed way back in 2008 for $10.5 million, all the way down to $4.9 million. Reynolds acquired the estate in 1980 for just $700,000, and lived there with his second wife Loni Anderson.

In addition to a 12,538-square-foot mock-Mediterranean mansion with five bedrooms and seven bathrooms, the gated and secured estate includes a billiard room, a 20-seat cinema, and a separate guesthouse. There’s an octagonal screened cabana next to the pool, a private dock and a helicopter landing permit — a rarity in the area, according to listing details.

The famously mustachioed Oscar-nominated actor (“Boogie Nights”) is a well known collector of Hollywood memorabilia — especially that which relates to his own career. Much of it once filled his Tequesta mansion, but he recently auctioned a boatload of baubles, everything from the trophies earned from his early football successes to his 1998 “Boogie Nights” Golden Globe.

listing photos: Century 21