Pamela Anderson’s Malibu Home Returns to the Rental Market

Zillow

Pamela Anderson's pool

Source: IMDb

Source: IMDb

When a home hops back and forth between the rental and for-sale markets, it’s normally an indication that the price is too high, it’s not the right time to sell or there simply isn’t enough interest to close the deal. Pamela Anderson’s Malibu home may be the exception.

“I put it on the market to see what it was like, but I most likely won’t sell,” she told the New York Post at an Obliphica Professional hair care event this April. “I had too many people interested … it scared me.”

The “Baywatch” star first listed her home for rent last year, asking $50,000 a month. In February, she put it on the for-sale market with a $7.75 million asking price before recently relisting the home as a rental.

It’s unclear whether Anderson hopes to ditch the poolside pad at 23445 Malibu Colony Rd, Malibu, CA 90265 for good. According to Coldwell Banker‘s Carol Casey, assistant to listing agent Chris Cortazzo, the actress and model is open to some different scenarios.

The current listing is offering a long-term rental for $27,500 a month or a short-term summer rental for $45,000 a month through September. Casey said a lot of owners continue to try to sell their homes while renting them out as an additional source of income. If they get an interested long-term renter, they may try to work them into a sale.

In Anderson’s case, the one thing we do know is she isn’t looking to sell outright after taking the property off the for-sale market in May. Perhaps she’s not ready to part so quickly with the 3-bedroom, 3-bath teak-sided home featuring a poolside patio, rooftop deck and top-of-the-line home theater.

According to the listing description, Anderson’s property is one of the finest homes Malibu has to offer.

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Catherine Sherman, a real estate writer for Zillow Blog, covers celebrity real estate, industry trends and home improvement tips. Read more of her work here.

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