×
You will be redirected back to your article in seconds

Burt Reynolds Finally Sheds Florida Estate

After a decade-long slog, a number of financial hardships, a foreclosure scare, and a memorabilia auction, showbiz legend Burt Reynolds has at along last sold his long-time residence in Hobe Sound, FL, for $3.3 million.

The Oscar-nominated “Boogie Nights” and “Smokey and the Bandit” star, still shaking his 79-year old mustachioed moneymaker with a handful of film projects in the hopper, bought the 3.39-acre waterfront estate for $700,000 in 1980 and later lived there with his second wife, lacquer-haired actress Loni Anderson.

This property gossip first discussed Mister Reynolds’ real estate situation way back in 2008 when the bay-side spread was priced at $10.5 million but the property has been listed at a variety of prices that over the years that soared as pie-in-the-sky high as $15 million and dropped to its last published asking price of $4.9 million. The tropically landscaped estate includes a memorabilia-jammed 12,500-square-foot mock-Med mansion with five bedrooms, seven bathrooms, a 20-seat theater, billiard room, and a separate two-bedroom guesthouse. An octagonal screened cabana makes for a bug-free poolside lounge and the estate features a private dock and a rare helicopter landing permit.

The new owner, identified in the South Florida property gossip columns as Charles Modica, founder and Chancellor of St. George’s University in Grenada, has reportedly agreed to allow Mister Reynolds to remain in residence…as long as he keeps current on the rent.

Popular on Variety

listing photos: Century 21

More Dirt

  • Jeffree Star House Hidden Hills

    Jeffree Star Drops $14 Million on Enormous Hidden Hills Compound

    Wigs are flying and the entire city of Calabasas is currently “shook,” as it were, because word on the street is that Jeffree Star wants a new mansion. And this time, the Lamborghini-driving YouTube superstar is not playing around. In a deal that closed today, Star and his longtime boyfriend — skateboarder Nathan Schwandt — [...]

  • George Lucas House

    George Lucas Drops $28 Million on Beach House Next Door

    Semi-retired filmmaker George Lucas, whose money-minting “Star Wars” franchise has more than half a dozen film and television projects in various stages of production, has considerably and at great expense expanded his already substantial property holdings along an exclusive stretch of beach in the California seaside community of Carpinteria, spending $28 million in an off-market [...]

  • Philip DeFranco House Los Angeles

    YouTube's Philip DeFranco Buys Encino Tennis Court Estate

    Perhaps the biggest professional challenge for “career” YouTubers is staying relevant in an era of breakneck change. While most of their fellow vloggers have since fallen by the wayside, a handful of veteran influencers — Shane Dawson, Ryan Higa, Jenna Marbles and Trisha Paytas among them — have managed to maintain to parlay their initial [...]

  • Ken Olin House

    Ken Olin and Patricia Wettig Pick Up Venice Scandi-Modern

    Primetime drama staples Patricia Wettig and Ken Olin, he a veteran actor, director and three-time Emmy-nominated producer for the NBC megahit “This Is Us,” and she a three-time Emmy-winning actor for the early 1990s baby boomer series “thirtysomething,” have shelled out $4.5 million for an arresting, Scandi-Modern residence in a quiet, slightly out-of-the-way cranny of [...]

  • David Chase House

    David Chase Snags Santa Monica Villa

    Seven-time Emmy winning TV producer David Chase, creator of the HBO cult-favorite mob series “The Sopranos,” has splashed out nearly $6.7 million for an extensively updated 1930s Spanish villa in a particularly plum Santa Monica, Calif., neighborhood. Presiding over a slightly elevated corner parcel of about a quarter-acre and measuring in at almost 4,700 square [...]

  • The Weeknd Penthouse

    The Weeknd Drops $21 Million on L.A. Penthouse

    Not only has The Weeknd dropped a couple of hotly anticipated singles from his upcoming album over the last week, well-placed sources on the celebrity real estate street swear the Diamond-certified alt-R&B superstar has also dropped somewhere in the neighborhood of $21 million on a mansion-sized condominium in a posh boutique building along Los Angeles’s [...]

  • Philip Lawrence House Los Angeles

    Songwriter Philip Lawrence Buys Major League Encino Estate

    Over the last three years, L.A.’s increasingly prestigious Encino neighborhood has seen a slew of record home sale prices, most recently topped by Nick Jonas and Priyanka Chopra’s $20 million splurge on a superstar-sized compound. Wealthy buyers who once ignored the San Fernando Valley in favor of established luxury haunts — Beverly Hills, Bel Air [...]

More From Our Brands

Access exclusive content