Pamela Anderson Puts Malibu Colony Home up for Sale

Pamela Anderson put her Malibu Colony home up for sale this week for $7.75 million.

The "for sale" tag went up as Anderson, who is best known for her iconic role on "Baywatch," faces a large tax bill and a pricey home renovation, according to AOL Real Estate. She reportedly bought the home on Malibu Colony Road in 2000 for $1.8 million.

Anderson owes the IRS $259,395.75 and the State of California $112,118.90 in unpaid taxes for 2011, according to the Huffington Post.

The 2,752 square-foot, five-bedroom, three-bath home was built in 1959, according to the listing.

The architect for the home is Philip Vertoch, while Anderson and Josh Chryssanthou designed it.

Check out the full listing.