Burt Reynolds was capable of reside out his last years at his longtime Florida property because of a loving landlord who helped him out of a monetary disaster.
Here’s the backstory — Burt bought his dwelling in 2015 to his good friend and neighbor Charles Modica after years of cash woes and a decade-long wrestle to unload it, however Charles allowed him to remain there for the remainder of his life … much like Hugh Hefner on the Playboy Mansion.
Modica tells TMZ … he purchased Burt’s pad with the intention of letting the legendary actor proceed residing there, as a result of transferring would have been traumatic. Modica says he at all times revered Reynolds for all the nice he did in Florida, so he charged him kin pennies in lease. In truth, Modica says he doesn’t even recall the precise quantity — his accountant handles it — nevertheless it was an excellent small sum.
As for the waterfront property … Charles has no plans to promote. Fact is, it’s a superb funding.
Burt purchased the property again in 1980 for $700okay, and later lived there along with his then-wife, Loni Anderson. He advertise in 2005, and it was priced everywhere — as excessive as $15 million — earlier than he bought it in 2015 to Modica for $3.Three mil. Modica says it’s now value someplace between $Four and $5 mil.
The 3.4-acre property has a 12,000 sq. ft. predominant home and a 2-bed guesthouse, a movie show, a pool adorned with the FSU emblem, a dock on the water and a helicopter touchdown pad.
As we reported … Reynolds died of a coronary heart assault Thursday in Florida. He was 82.