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