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Hulk Hogan has listed his Florida mansion once again ... but this time, the asking price has drastically dropped.

The massive estate, originally listed for $25 million, is now on the market for $8.87 million. What a bargain ... for someone who can actually afford the new price!

Hulk's 17,145 square-foot estate features five bedrooms, 9.5 baths, a pool with a waterfall, a boathouse and a garage that fits four cars. We can't forget the gorgeous ocean views, too.

The famous wrestler first put the home on the market in 2006. Good luck this time around, Hulk!

See photos of the Florida mansion in the gallery below.