Saturday, July 21, 2007

Is Hulk Hogan Greedy?

SELLER: Terry Bollea a.k.a. Hulk Hogan
LOCATION: North Bay Road, Miami Beach, FL
PRICE: $18,900,000
SIZE: 17,339 square feet, 11 bedrooms, 11.5 bathrooms
DESCRIPTION: Cool modern simplicity. Fearlessly designed & flawlessly executed. This newly constructed residence dares to be elegant w/ an edge. Enjoy lrg scale living w/ lots of ligth, soaring ceilings, entire rms of flr to ceiling glass, 5 car garage, 6 BR. main house & 2 full gst apts., media room, indoor wall of water, dramatic floating entry over lrg scale water feature, cabana, pool, dock, immense roof top terr. & state of the art electronics & sec.

YOUR MAMAS NOTES: Somebody should probably tell Mister Hulk Hogan that the South Florida real estate market is in the hole, because the hugely muscled man with a 1970s porn mustache just dropped his house on the market for $18,900,000, which represents a dramatic mark-up from the $12,000,000 he paid for the house just over one year ago in April of 2006.

Is it even possible that this house would have increased more than $6,000,000 in just over one year? You decide.

Your Mama received an email from Mister Smiley tipping us off to the listing of this property, and we've subsequently read about it on Perez Hilton and Rajah. So before the world gets too inundated with news and information about the why and how much, we thought we'd weigh in with a short Saturday post.

The huge Miami Beach house was newly built when the Bolleas purchased the full acre property on fancified N. Bay Road which is and has been home to many big name celebrity types such as swivel hipped Ricky Martin, tennis hussy Anna Kournikova, and the brothers Gibb from the BeeGees, to name just a few.

The aggressively contemporary house, weighing in at over 17,000 square feet, consists of two buildings separated by a large courtyard. In the front building, the once nearest the street, we find two large guest apartments, presumably where the Bollea children were able able to get their groove on without having to deal with mom and dad.

The main house fronts the Intracoastal Waterway and features half a dozen bedrooms and bathrooms, walls of glass and a massive roof terrace with 360 degree views.

We've read that the reason the house is being sold is that the family originally bought the house so that Brooke could better pursue a career as a pop star. What? Well, after disappointing sales of her first album and a string of performances at malls across America, her Miami based record company chose not to renew her contract. So apparently Brooke and wifey/mama Linda have decamped to the West Coast in search of the golden ticket.

Which means this big damn house has only two occupants, Mister Bollea and the son, whatever his name is. Clearly a house this size is just too big for two quasi bachelors to maintain.

The family recently had their huge Tampa Bay estate on the market at $25,000,000, so only time will tell before we learn where the Bollea family will next be living. Your Mama guesses the entire family will relocate to Los Angeles. Which somehow seems like the right place for them.

Sources: Mister Smiley, Perez Hilton, Rajah, RADAR

22 comments:

Anonymous said...

saw that house on the show & am not sure if i've ever seen an uglier house, building, box or whatever it is.
i did like their previous property though.

Anonymous said...

This property is by the same developer as the billy joel la gorce circle property ... though it's not really billy joels as we've all found out

Anonymous said...

also, mama ... have you covered ricky martins estate on n bay road thats on the market? i can't remember & can't be bothered to go through all the archives ..

Phoenix said...

You said it regarding the Florida real estate market, Mama. We're living in Florida these days due to yet another company transfer, and the housing market has slowed considerably. A $6 million profit in 2 years? I don't think so. A $6 million price slash is more like it if he's serious. Hulk overpriced his Tampa home also. It sat on the market going nowhere for so long he took it off again, and that was when the market was still hot. And now apparently he's listed it again according to you.

As for this Miami home of his, it recalls to mind the description Victoria Beckham applied to her rented home in LA: "It looks like a big dusty ice cube." Same with Hulks house, only his looks more like a school or professional office building to me.

Phoenix said...

Just to be clear, I didn't mean to suggest Hulk should reduce the $11 million he payed by $6 million. Rather, that given current market conditions, I think it would be more realistic if he focused on trying to just break even.

Anonymous said...

Anon 5:27A

You have really bad taste. Their Tampa house is about as bad as it gets. The Miami Beach house is pretty nice, sort of vanilla, but nice.

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

I agree - Their Tampa house was vile ... Rustic French in Florida - R-I-D-I-C-U-L-O-U-S !!!

Anonymous said...

Watcha Gonna do Brotha?
When my 17,339 square foot box, runs wild on youuuuu!

Sicerely

Hulk Hogan

mr. smiley said...

this post makes me excited for the future mama

i love this house, it is one of my top 5 favorites. though i wish it were in malibu
:)

Anonymous said...

Hulk can't spell sincerely. So does that mean he's not sincere?

Phoenix said...

Testing

Phoenix said...

smiley, thankyou very much. You rock ;)

smiley said...

excellent job.

:)

Anonymous said...

You people are so jealous it isn't even funny! The house should be worth the asking price..I mean Hulk Hogan LIVED there. There is the worth. Hulk Hogan is only the greatest wrestler ever lived. You people who say negative things only say those things out of envy and jealousy.

Anonymous said...

I think the increase is based on his/their "celebrity" and the attention the property has had by being on TV.

Phoenix said...

Anon @ 9:28 AM, unless you're a wrestling fan, the fact that Hulk lived somewhere isn't going to matter much, and I bet even wrestling fans would think twice before paying $Millions over fair market value. He's been trying to sell his other overpriced home in Tampa for quite some time now.

Anonymous said...

On the show this house looked fabulous. The other house was crap.

Anonymous said...

I live in Miami and probably 10 minutes from Hogan's house. I have been past the house several times and doesn't look like a typical house, more like a corporate type structure. The local TV station "My33" interviewed Hogan's son who stated they are going back to Tampa for a short stay, but moving back to another home on South Beach. Today's Sunday paper states a Hollywood filmmaker has just bought the home for just under the asking price. Looks like the home is off the market and found a new owner.

Anonymous said...

Guess "mamma" is a jealous person. His house sold for more than asking price. Eat on that!!

Anonymous said...

If I had of had the $$$ I would have bought it! Although, I like the Clearwater/Tampa home much better. That is such a cool house!

davemooregan said...

"We feel that, based upon the current reality of this family litigation surrounding the Graziano claim, that it is offensive and irresponsible to suggest that Terry Bollea should be compelled to purchase a $4.3 million pleasure palace so his wife has a place to go and party when she is in Las Vegas two or three times a year," Houston told E! News.Yeah!!! send those greed bastards to us and we'll exploit them! http://www.greedypeople.com/