Oscar-nominated actor Burt Reynolds has sold his Hobe Sound home.
The 12,538-square-foot mansion sold for $3.3 million over Labor Day Weekend. The property, which Reynolds named “Valhalla,” was once listed for as much as $15 million.
Former WXEL Public Radio trustee Charles Modica is Valhalla’s new owner, Gossip Extra reports. Property records show Modica owns three other properties in Tequesta.
Reynolds first put the home up for sale in 2006, but foreclosure threats have plagued the actor and his five-bedroom waterfront estate since 2011. That’s when his mortgage bankers filed paperwork claiming he hadn’t made a payment on the home since September 2010.
Most recently, Reynolds auctioned off his Hollywood memorabilia in 2014 to help ward off financial troubles, the New York Daily News reported.
Valhalla features a 20-seat movie theater, billiard room, swimming pool, helicopter landing pad and yacht dock.
Editor’s note: This post has been edited to remove comments about Reynolds’ home. We regret the tone of the previous statements.
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