Burt Reynolds faces foreclosure in Florida

August 17, 2011: 1:35 PM ET
Burt Reynolds foreclosure

Take a look inside Burt Reynolds' Hobe Sound, Fla. home.

NEW YORK (CNNMoney) -- Burt Reynolds could lose his waterfront mansion in Florida after failing to make mortgage payments for almost a year.

According to a lawsuit filed on Aug. 9 in Martin County, Fla., Merrill Lynch Credit Corporation issued a foreclosure summons to the "Smokey and the Bandit" star after he stopped making mortgage payments on his Hobe Sound, Fla. estate.

The lawsuit claims Reynolds has not made a mortgage payment since August 2010 and owes the bank nearly $1.2 million.

The 75-year-old star originally put the 12,538-square foot estate on the market in 2005 for $15 million and has slashed the price significantly a number of times, according to the TCPalm, a local newspaper. It was most recently listed at $8.995 million.

Inside Burt Reynolds' Florida home

The waterfront home has five bedrooms, seven bathrooms and luxury features, including a screening room, billiard room, gym and wine cellar. There is also a 2,000-square foot guest house, heated pool, dock and helipad on the three-acre property.

The Mediterranean estate was originally built in 1975. Although Reynolds once shared the home with his former wife Loni Anderson, it is no longer his primary residence, according to the court filing.

See inside more celebrity homes

Reynolds, who was nominated for an Oscar for his supporting role in "Boogie Nights," is currently filming "Reel Love" with LeAnn Rimes in Canada. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
Find personalized rates:
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.