This days, Burt Reynolds is facing financial ruin. Bankrupt movie star has a problem to pay $1.2 million in missed mortgage payments, so that in all ways trying to get the money. The 78-year old actor was forced declare bankruptcy with debts of $9.4 million in the 1990s and has struggled to sell his Florida mansion despite slashing the price. The Palm Beach County home, built in 1975, was originally listed for $10.5 million in 2008, and now Reynolds has cut the price in half, asking $4.9 million. Reynolds acquired the estate in 1980 for just $700,000, and lived there with his second wife Loni Anderson.
However, the 12,538 square-foot Mediterranean mansion has five bedrooms and seven bathrooms and sits on 3.39 acres on the Intracoastal Waterway overlooking Jupiter Island. In addition to its own helipad, the mansion boasts a billiard room, a 20-seat cinema, a separate guesthouse, an octagonal screened cabana next to the pool, and a private dock.
To help pay his missed mortgage payments, Reynolds is also selling off his personal collection of film memorabilia at auction. Over 600 items, including a Golden Globe award he won for the film ‘Boogie Nights’, will be put up for auction later this month.