PAMELA Anderson has slashed the price of her swanky Malibu compound by almost $2million – after a sale fell through, The Sun can exclusively reveal.

The former Baywatch star, who shocked fans by marrying her bodyguard Dan Hayhurst in December last year, listed her fancy digs for a whopping $14.9million in March.

Having owned the home for since 2000, when she picked it up for just $1.8million, Pammy is set to make a pretty penny on the sale after making many improvements to the 5,500-square-foot home over the years.

But The Sun can reveal she's had to drop the price by almost $2million after a recent sale fell through, according to property records – and the house is now on the market for $12.9million.

TMZ reported back in April the four bed, five bath property was in escrow, but unfortunately for Pamela things didn't work out and it was for sale again just a month later.

An online description of the Malibu property describes the home as the "perfect balance of elegant design, thoughtfully sourced elements, sustainable living, and quintessential beachside lifestyle."

The teakwood build is privately gated and surrounded by glass walls, with a stunning formal living area and "gourmet kitchen complete with slab island and counters, custom cabinetry and the finest appliances."

Photographs obtained by The Sun show the home offers a floating wood staircase which leads to the second floor bedroom with a spacious, well-lit closet, shower, Picasso-style tub and dry sauna.

The relaxing boudoir boasts a private balcony with steps to a upper deck with sweeping views, and a seating area with a fireplace perfect for date nights at home.

The home offers two additional bedrooms and a platinum tiled pool with its own bar area and entertainment spaces, while exclusive beach key access will give new owners sought-after privacy by the sea.

Pammy's home also has its own guest house with a gorgeous lounge, bedroom, bath and spa tub with "mountain and lagoon views," along with its own fire pit.

Other features include a retractable sunroof and an irrigated vegetable garden where the star would grow her own produce.

The model and actress announced she had married her "bodyguard" Dan in what was her sixth wedding to her fifth husband back in January, saying: "I'm exactly where I need to be — in the arms of a man who loves me."

She had previously been hitched to rockstar Tommy Lee, 58, Kid Rock, 50 and twice to Rick Salomon, 53.

She also married movie producer Jon Peters for 12 days but later claimed the ceremony was not made legal.

Speaking about her recent wedding, Pamela told the Daily Mail: "I am in love. We were married Christmas Eve with both our families' blessing, everyone we know is happy for us.

"I was married on the property I bought from my grandparents 25 years ago, this is where my parents were married and they are still together. I feel like I've come full circle."

The ceremony took place in the backyard of the countryside estate located in the town of Ladysmith, on Vancouver Island in British Columbia, Canada. where the couple now live with his kids.

But Dan's heartbroken ex Carey, who had been living with him and raising his two children for the past five years, told The Sun how she was blindsided by the affair and knew nothing of their marriage until she read about it online.

Carey said at the time: "This is not the lockdown love story which is being portrayed, it’s all a facade."

“I decided to speak out because I want people to know that my almost five-year relationship, with three children involved, ended because of the affair Pam and Dan started while he was still with me.

“It’s sad that people celebrate this and cheer them on, when it started with deceit, denials and life-shattering choices for all the people involved.

“It wasn’t this romance that happened overnight. He worked with her for over six months before any of that happened.

"He wasn’t her bodyguard then, he is a handyman, she hired him to work on her house.

“We were all totally blindsided by this, it’s been so hard for us. And it’s not just me and the kids, lots of people have been hurt by them. Dan has lost friendships and business relationships because of this.”

A rep for Pam declined to comment on the allegations at the time.

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