Hulk Hogan's homes for sale

CLEARWATER - Hulk Hogan's sprawling Belleair estate could be yours -- for a mere $13.9 million.

You'd gain 17,000 square feet of European-inspired living space, "the utmost in privacy," and a stunning view of the Intracoastal Waterway -- sunsets nightly.

Too much space? Too much yard work? Too much money? Then why not consider the family's other home, a 3,400-square-foot Clearwater Beach home right on the Gulf of Mexico. The price tag on this "truly one of a kind Key West style" home is a mere $2.3 million.

The Hogans are simultaneously selling both their multi-million dollar Pinellas County homes following a contentious and highly publicized divorce. The terms of a recent settlement remain confidential, but a source close to the family confirmed Friday that the homes' sales are included in the compromise agreement.

The source declined to elaborate on who gets what.

Dunedin Realtor Peggy Mateer, who is handling the larger property -- located at 130 Willadel Drive in Belleair -- said Friday that she was not authorized to discuss the listing.
On Realtor.com, Mateer describes the seven-bedroom, nine-and-a-half-bathroom home as "magnificent."

She writes, "The craftsmanship, materials, and attention to detail provides a one-of-a kind manor." Mateer goes on to say the decor was inspired by deconstructed country homes.

The Hogans -- whose real names are Terry and Linda Bollea -- built the unique estate in 1996, and featured it prominently in the family's VH1 reality show, "Hogan Knows Best." Photos from inside reveal a large fairytale bedroom fit for storybook illustration, plus expansive sitting and dining areas that could easily substitute for a palace.

According to the Census Bureau, the Willadel Drive home is more than seven times larger than the typical U.S. home.

Hogan's asking price is almost double the Pinellas Property Appraiser's estimate of $7.2 million. Property taxes totaled $125,008.03 in 2008, according to the Pinellas tax collector.

Ironically, Hogan has recently been promoting a program that help people contest property tax bills when homeowners think the appraiser pegs their value too high.
If his taxable value at Willadel matched the asking price, his tax bill would exceed $200,000.

The other home, listed on Realtor.com for $2.3 million, boasts, "spectacular Clearwater Beach sunsets from your own back patio with immediate access to the beach."
It is valued at $1.38 million, according to Pinellas Property records.

During the couple's divorce, Hulk Hogan agreed to stay at the beach home, while his wife remained at the mansion.

Selling the Willadel estate could figure into the civil lawsuit filed against the Hogans for their son Nick's 2007 street racing crash. The accident left Nick's friend, John Graziano, severely injured and in need of care for the remainder of his life.

Clearwater attorney Peter Sartes, who is part of a team of lawyers representing Graziano's family, said on Friday that if the Hogans sell the Willadel home, relinquish their homestead and do not buy another home, millions would be added to the portion of their worth that could be awarded to Graziano in damages.

"If there were a judgment for John, then some of those assets would be freed and collectible," he said.

Sartes said he expects the case to go to trial in March 2010.