Burt Reynolds house in Hobe Sound, Florida, faces foreclosure
Perhaps the most recognizable celebrity to emerge from South Florida, Burt Reynolds, is in danger of losing his 4-acre compound in Hobe Sound to foreclosure.
WPTV.com reports today that the 75-year-old actor has not paid his mortgage since Sept. 2010 and owes $1.2 million on a luxurious slice of coastal waterfront real estate that he has in the past referred to as his very own “Valhalla,” which is a majestic mythological paradise.
The San Francisco Chronicle details more about its many amenities:
The 12,500-square-foot compound is on 3-plus acres, bordered on the north by a national wildlife refuge. There are several detached buildings, including a main residence, a two-bedroom guesthouse and a gym-wine room-carport. One building contains a theater with more than 20 seats, an office, a billiards area and kitchen, overlooking a waterfall. The building also has a two-bedroom caretaker’s quarters. A pool on the grounds has a view of the Intracoastal Waterway, where there is yacht dockage and a helicopter pad. The water frontage is 107 feet long.
The 12,500 sq. ft. home, which Reynolds unsuccessfully attempted to sell for $8.9 million in 2009, was recently appraised at $2.4 million. It’s apparently not his primary residence — Reynolds spends most of his time at a home Little Rock, Ark., as well as in Beverley Hills, Califiornia.
Perhaps that’s behind the reason for his decision to no longer pay the mortgage. Reynolds, who has a 35.5 acre park named in his honor in Jupiter, Fla, which is a short distance from Hobe Sound, did not comment on the mortgage matter. He has, however, in that past revealed that it’s just “too much space” for him.
Money would certainly not appear to be an issue. Reynolds has appeared in nearly 100 feature films and 300 television episodes in a legendary career that dates back to 1959.
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Tags: Burt Reynolds, Florida, Hobe Sound
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