Pamela Anderson Selling House in Malibu For $7.75M, Take a Sneak Peek Inside [PHOTOS]

Pamela Anderson is selling her Malibu home for $7.75 million which was purchased at $1.8 million in 2000 amid some negative news about unpaid taxes and out-of-control spending.

The "Baywatch" star allegedly owed $371,514.65 to IRS at the end of 2012. There were various reports of "over-spending" on the construction project at her mansion. Now it seems the actress is now downsizing her lifestyle which is what any other American will do in her situation.

It seems if the spacious property sells for something close to the listing price, then the star will make a profit enough to put her alleged financial woes behind her.

The property sits one block from the Pacific Ocean includes three-bedroom, three-bathroom and stated by Zillow to be "within striking distance of all things Malibu."

"Enter through the front stone gate, cross the small courtyard of olive trees and lavender -- push open the ultra-wide swinging glass door and find yourself in an open living room and kitchen design with a top-of-the-line home theatre and black baby grand piano," reads a listing on Trulia.com.

The Malibu Colony is a great steal for $7.75 million for the 2,700-square foot house between private beach access, outdoor piano and "Native American wigwam."