A luxury beachfront home once owned by wrestling legend Hulk Hogan has been put on the market in Florida, with an asking price of $10.98 million, highlighting the sharp rise in high-end coastal real estate in the state.
The five-bedroom mansion sits directly on the Gulf of Mexico in Clearwater, Florida, and has been Hogan’s longtime residence. The late wrestling icon, whose real name was Terry Bollea, bought the property in 2012 for $3.3 million. If it sells close to the asking price, the deal would deliver a gain of more than $7.5 million, underscoring how early investments in Florida’s luxury market have paid off over the past decade.
The sale comes months after Hogan’s death in July at the age of 71. While he was best known for his larger-than-life wrestling career and global fame, the Clearwater home reflects a quieter chapter of his life, marked by a more measured approach to wealth and lifestyle.
Prime Gulf-Front Location
Located at 1040 Eldorado Avenue, the 5,400-square-foot residence offers direct beach access and sweeping views of the Gulf. The home features five bedrooms, five and a half bathrooms, and expansive outdoor living areas designed to take full advantage of its oceanfront setting. A heated pool and spa sit just steps from the sand, providing uninterrupted sunset views.
Built in 2009, the property includes high-end finishes such as teak, marble, and natural stone flooring, as well as a private elevator. Large glass walls and a striking dual-staircase entrance emphasize open, indoor-outdoor living rather than sheer size.
Hogan’s purchase of the Clearwater home followed the sale of a much larger 12,000-square-foot waterfront mansion in nearby Belleair, which he sold for $6.2 million. By downsizing in square footage while upgrading location, Hogan made a move that has proven financially shrewd as demand for beachfront properties in Clearwater has soared.
A Beneficiary of Florida’s Real Estate Boom
Clearwater Beach has limited oceanfront inventory, and luxury demand has surged in recent years, pushing top-tier properties into the eight-figure range. The Hogan home, listed by Martha Thorn of the Thorn Collection at Coldwell Banker Realty, sits among the most expensive residential offerings in the area.
The listing also coincides with the management of Hogan’s estate. His family has reportedly engaged legal counsel to examine medical care he received before his death, a matter separate from the property sale but part of broader estate considerations. At the time of his passing, Hogan’s net worth was estimated at $25 million, with the Clearwater home accounting for a significant portion of that value.
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