Burt Reynolds' Florida mansion sells for $3.3m after nine years of being up for sale

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The Hobe Sound home comes with a helicopter landing area, waterfront dock, swimming pool and movie screening room
Reynolds purchased the home in 1980, paying $700,000 at the time
It has reportedly now been bought by St. George's University founder Charles R. Modica
The two men are said to have made an arrangement that allows Reynolds to continue to live in the house

By Zoe Szathmary For Dailymail.com

Published: 19:46 EST, 13 September 2015 | Updated: 01:11 EST, 14 September 2015

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Burt Reynolds' home is finally off the market - nine years after it was originally listed as for sale.

But despite it no longer belonging to the Hollywood star, he will still be able to live there... provided he pays the new owner some rent.

It is believed the two-storey home in Hobe Sound, Florida, has been bought for $3.3million by St. George's University founder Charles R. Modica.

Photos reveal it comes with a helicopter landing space, waterfront dock, swimming pool, movie screening room and a screened-in outdoor cabana.

Off the market: This Hobe Sound, Florida, home belonging to Burt Reynolds has been sold

Long ordeal: The home reportedly sold for $3.3million - nine years after it was originally listed

The home's listing price has fluctuated from $15million in 2006 to $4.9million most recently

Photos of the home reveal Burt Reynolds' taste in home decor and his love of artworks

A living room in the Hobe Sound home is furnished with leather armchairs and various paintings

Wooden doors open into the room, which also features wooden floors and a wooden pew

Many photographs and paintings are seen hanging on the walls of the Florida home

One room in the house features floor-to-ceiling shelving - perfect for a personal library collection

Downtime: More storage space - and mementos - are seen covering the walls in Reynolds' home

Variety reported the home has seven bathrooms, five bedrooms, and comes with 12,500 square feet of space. The news outlet also reported there is a guesthouse with two bedrooms.

According to Gossip Extra, Reynolds purchased the home in 1980 for $700,000.

The website noted the home's listing price has fluctuated since it was first put on sale for $15million in 2006, The most recent listing was for $4.9million.

The Florida-based gossip website also says that bank foreclosure proceedings - over Reynolds allegedly not making mortgage payments - have been halted by the recent purchase.

St George's University Charles R. Modica (left) reportedly bought the home from Reynolds (right in 2006)

A bedroom in the home features a wall painting of what appears to be an image of Reynolds with a child

This bedroom in the house - which Reynolds will reportedly be able to still reside in - has a retro ceiling fan

The kitchen features dark-wood cabinets and heavily patterned wall tiles

Private show: A screening room offers lots of space for guests to watch movies and TV together

Last year, Yahoo! Homes reported the Boogie Nights star denied being broke, despite holding an auction for many of his belongings.

He told ET in December 2014: 'I have been dealing with a business dispute for many years as well as a divorce settlement.

'I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have use nor room for them any more.'

According to Gossip Extra, Reynolds and his home's alleged new owner have come to an arrangement whereby the star stays in his home of 35 years 'as long as he pays rent'.

Realtor Douglas J. Rill declined to comment on the sale.