Pamela Anderson is a motivated seller, according to one listing for her Malibu mansion. Anderson purchased the property as a fixer-upper for $1.8 million in 2000, but after spending millions to renovate the 1959 cottage with the assistance of Vertoch Design Architects and designer Josh Chrisant of Chryssanthou, Anderson found herself strapped for cash. She listed the property for rent at the hefty price tag of $75,000 a month in November 2011, but is now looking to sell, asking for $7.75 million.

The home, located at 23445 Malibu Colony Rd., offers a sense of country living within walking distance of the city luxuries of Malibu and one block from the Pacific Ocean. Featuring five bedrooms and three bathrooms, the house is 2,752 square feet of modern country living. The lower level is an open floor plan where the living area—complete with bookshelf-flanked fireplace, wall-mounted flat screen and built-in surround sound—opens to the galley-style kitchen featuring slap stone countertops, custom cabinets and state-of-the art appliances. The living area also opens seamlessly to the outdoor living spaces with floor-to-ceiling windows. To top it all off, the house includes its own private movie theater and sauna, as well as a roof-top sun deck.

The outdoor spaces of the property are just as impressive as the inside. Not only is there a pond in front, but the wrap around porch opens up to a fully-fenced saltwater pool in back. After entering the stone gate to the property, a courtyard of olive trees and lavender leads to the home.

When it comes to fixer-uppers, Anderson certainly knew how to do it right. It’s a shame she won’t be able to enjoy the fruits of her labor—and money. But whoever purchases this home will get the best of old Hollywood style and modern convenience, while getting the claim-to-fame of owning a house designed by a celebrity.

[Images via Trulia]