This Is How Pamela Anderson Lost Her Money
Pamela Anderson purchased a fixer-upper at 23445 Malibu Colony Road in 2008 for just $1.8 million, per CBC, and hired architect Philip Vertoch and interior designer Josh Chryssanthou to turn things around. Unfortunately, remodeling the 2,752-square-foot home and opting for lavish touches, such as gold pool tiles, was something she simply couldn't afford. As People reported in 2009, Anderson was hit with liens from five construction companies after she failed to pay their bills, including a $674,043 invoice for "labor and materials" to remodel the house, build a swimming pool, and "construct foundations for [a] guest house." As Investopedia explains, a lien is "a claim or legal right against assets that are typically used as collateral to satisfy a debt."
The following year, the "Baywatch" star reportedly moved into a "one-bedroom mobile home on a run-down trailer park," per Mirror, but assured the outlet she was "happy" living in the "special community" with her two sons. Meanwhile, she tried to rent the Malibu mansion on VRBO in 2011 (for $75K a month) and 2012 (for $50K a month), per Variety. It's unclear if she succeeded, but she later listed it for sale at $7.75 million in 2013. Sadly, there were no takers and she again tried to rent the home in 2017 for $50K a month, per Realtor. Relief came in August 2021 when she finally sold the property for $11.8 million, per TMZ, and permanently moved into her Vancouver, Canada home.
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