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Pamela Anderson just sold her beachfront property in Malibu for $11.8 million.
The house looks out onto a private lagoon and has access to a private beach.
Scroll down to see photos of the luxury property with its rooftop fireplace, spa, and sauna.
Actor and model Pamela Anderson has sold her super-modern Malibu home to Loren Kreiss, the CEO of California furniture brand Kreiss, for $3.1 million less than the initial asking price, Kreiss told Insider on Monday.
The privately-gated property has a rooftop deck with a fireplace, a sauna, and a separate guest house.
It also looks out onto a private lagoon and has access to a private beach.
The property hit the market in March for $14.9 million. The Agency's Sandro Dazzan closed the deal on August 3 on behalf of Kreiss at $11.8 million, Kreiss said.
The property was owned by Anderson and her husband Dan Hayhurst. Anderson sold the property to move to a house on Vancouver Island, Canada, which she bought around three decades ago and plans to renovate.
This doesn't mean that the rich are fleeing Malibu, however. "The Malibu market has become the destination of choice for high net worth and ultra-high net worth individuals from across the nation," Tomer Fridman, who listed the property for The Fridman Group, said.
"Malibu Colony, in particular, is one of Los Angeles's most important enclaves dating back to Hollywood's heyday of '20s glamour," he added.
Anderson is also well known for her animal rights activism, and the property has sustainable features to match, including solar panels and an irrigated vegetable garden.
Scroll down for photos of the property.
The interior floor space totals 5,500 square foot, and it sits on a 6,324 square foot site.
The main property has an open-plan kitchen and lounge ...
... alongside three bedrooms.
The master suite has a private balcony ...
... as well as a luxury en-suite with a tub, dual sinks ...
... and a sauna.
The property is furnished with teak wood throughout.
The property also has a rooftop deck with fireplace and views over the pool and Malibu Colony.
The site also comes with a one-bed guest property, which is enclosed in glass.
The property also has its own spa ...
... alongside a pool with underwater bar stools.
Read the original article on Business Insider