Pamela Anderson has finally sold her jaw-dropping Malibu mansion for $11.8 million.The sale of the 2,700 square feet home may have even broken a Malibu Colony real estate record, with each square foot being valued at more than $4,000, according to TMZ.The lucky new owner of the home is Loren Kreiss, the CEO and creative director of Kreiss Furniture.
Off the market!Pamela Anderson has finally sold her stunning Malibu mansion for $11.8 millionPamela has owned the home since 2000, when she purchased it for $1.8 million.
The property recently underwent a $2 million price cut after she put it on the market earlier this year for $14.9 million.After a sale on the home fell through, Pamela reduced the price to$12.9 million, accordingto The Sun.
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