Hulk Hogan wrestles his asking price down to size

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Mid-1990s WWF star Terry Bollea - known to all and sundry as Hulk Hogan - has more than cut the asking price for his Florida mansion by more than half. Hogan initially put the five-bedroom, eight-bathroom property onto the market with price hopes of US$25 million in 2006. Finding no buyers, he removed it from the market until 2009, when it was listed with price hopes of US$ 13.9 million. In February 2010 Hogan wanted US$10. 9 million, and now the reality star is willing to settle for US$8.85 million. 

Hogan bought the property in 1992 for $2 million, and it featured in the reality show Hogan Knows Best.

The property is on a hill and overlooks the Intercoastal Waterway to the Gulf of Mexico. It comprises 1,580 square metres of living space, a dock with two boat lifts, and of course, a massive gym. It also includes a four-room guest apartment. The property is being marketed by Martha Thorn of Coldwell Baker Real Estate.