02/20/2013 06:33 EST

Pamela Anderson's Malibu House For Sale For $7.75 Million (PHOTOS, VIDEO)

Pamela Anderson's Malibu mansion is on the market for $7.75 million, the Daily Mail reported.

The actress, who hails from Ladysmith, B.C., purchased the home in 2000 for $1.8 million, according to AOL Real Estate. The five-bedroom, three-bathroom home located at 23445 Malibu Colony Rd sits one block from the Pacific ocean, real estate site said, and "within striking distance of all things Malibu."

"Enter through the front stone gate, cross the small courtyard of olive trees and lavender -- push open the ultra-wide swinging glass door and find yourself in an open living room and kitchen design with a top-of-the-line home theatre and black baby grand piano," reads a listing on

Anderson, famous for starring on Baywatch, has experienced financial troubles of late, leading some to wonder if that's why she decided to sell.

In 2009, authorities slapped Anderson with a $1.7 million tax lien, and in December, TMZ reported Anderson owed more than $370,000; $259,395.75 to the IRS for unpaid taxes, and $112,118.90 to the state of California.

The town of Ladysmith also claimed the actress owed property taxes and penalties in the amount of $31,000, the Windsor Star reported in January.

Most recently, an Internet classifieds website Anderson promoted, FrogAds, was implicated in a stock scam that swindled investors out of $30 million.

Check out the property for yourself in the photos below:

Photo gallery Pamela Anderson House For Sale See Gallery