Burt Reynolds’s Florida Estate Faces Foreclosure

Burt Reynolds is in trouble. Exactly how much trouble? $8.995 millions worth! The actor is reportedly more than one million dollars behind on his mortgage for his estate, named Valhalla, and is facing foreclosure on the property. The actor's ostentatious Florida estate is for sale for $8.995 million. View the listing.

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FilmMagic
Burt Reynolds during "The Longest Yard" New York City Premiere at Clearview's Chelsea West Cinema in New York City, New York, United States. (Photo by Carvalho/FilmMagic)
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Getty Images
Burt Reynolds is in trouble. Exactly how much trouble? $8.995 millions worth! The actor is reportedly more than one million dollars behind on his mortgage for his estate, named Valhalla, and is facing foreclosure on the property. The actor's ostentatious Florida estate is for sale for $8.995 million. <a href="http://www.realtor.com/realestateandhomes-detail/16815-Se-Federal-Hwy_Hobe-Sound_FL_33455_M59946-67630" target="_blank">View the listing</a>.
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The actor plunked down $700,000 way back in 1980 for this estate, which is located in Hobe Sound, FL.
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A view of Reynolds's sunken living room that features a fireplace.
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It's hard to imagine how such a well-known and successful actor like Burt Reynolds can find himself in such financial debt. Merrill Lynch Credit Corporation, to whom Reynolds owes $1.2 million in overdue mortgage payments, filed suit last week.
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The home totals 12,500 square feet and was originally built in 1975.
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A view of the dining room that opens to the extensive landscaped backyard.
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Is this a lounge or a home? The billiards/game room boasts a bar, pool table, and a full-size stuffed bear.
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Is it tacky to play your own films in the crib's huge home theater? This large screening room also includes (besides Burt Reynolds looped footage) a portable popcorn maker and a small organ.
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A look at the fitness room.
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Located at the water's edge, this pad boasts a pool, as well as five bedrooms and seven baths.
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Not pictured are two additional two-bedroom guess houses, a caretaker's cottage, and an office with antique-wood paneling and waterfalls (Yes, you read that right, waterfalls!).
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A view of the private helipad and private dock.
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