The Clearwater Beach mansion once owned by Hulk Hogan just took a major price cut.

Less than three months after hitting the market for $10.98 million, the waterfront property has been reduced by $2 million, bringing the new asking price down to $8.99 million, per a new report from Realtor.com .

The five-bedroom home, which spans just over 5,000 square feet, sits directly on Clearwater Beach’s Gulf-front shoreline . The listing highlights its position on “sugar-white sands,” with floor-to-ceiling water views and more than 1,500 square feet of outdoor living space, including a pool, spa, and covered terrace.

Inside, the property features high-end finishes like marble and natural stone flooring, teak accents, a chef’s kitchen, and a private elevator.

“Welcome to a true Mediterranean masterpiece,” the listing reads, describing the home as an “architectural triumph” designed for a high-end buyer.

The mansion is one-half of Hogan’s former compound.…