The stunning waterfront estate was listed for a reported $25m in 2006 – but it is now being advertised for a rather more modest $8.87m.
According to US entertainment website TMZ.com, it's the third time that Hogan has dropped the price.
And it seems he's not above using his celebrity status to help unload the 17,000sq ft Mediterranean-style mansion, which has five bedrooms and eight bathrooms, and sits on the scenic Gulf of Mexico, in Clearwater.
According to property website Realtor.com, the “exquisite residence” is “located on an exclusive tree-lined street in the residential Town of Belleair' and has featured in the 58-year-old star’s reality show Hogan Knows Best.
The two-storey home, which was built in 1996, features a gym and spa, five-car garage and a pool with a two-tier waterfall.