The real estate market has Hulk Hogan in a serious chokehold -- because the Florida mansion he once listed for $25 MILLION ... has now been reduced all the way to $8.87 million.
Hulk has been trying to unload the mansion -- famously featured in "Hogan Knows Best" -- since 2006. He's dropped the asking price twice before ... but now, he's finally UNDER double digits.
As for the 17,145 square foot estate -- it boasts 5 bedrooms, 9.5 baths, a boathouse, a pool with a two-tier waterfall, and a four car garage.
It's a buyers market ... if you've got a few mil to spare.