The former 'Baywatch' star has revealed she sobs every time she visits the part-renovated Malibu mansion, which has left her over £3 million in debt and being sued by five construction firms.
Speaking on UK documentary 'Pamela Anderson: At Home with Joe', the 42-year-old blonde wailed: "I'm going to sell it. I hate it. People commit suicide over constructions.
"Relationships break down over constructions and I can see why. It rips your heart out."
Pamela bought the house for £850,000 and immediately started fitting it out with bespoke luxuries, including mirrored mosaics and a pool area finished with platinum tiles.
In the programme, she shows a TV crew around the unfinished house, saying: "This is where the magic happens. I'm tiling the floor with platinum - that's expensive."
Work has now stopped on the property as Pamela has been sued by five contractors who claim she owes them over £690,000 in unpaid bills.
The actress has insisted she has the funds to pay the workers, but will continue to withold payment while she decides if their invoices are "fair".
She also complained her fortune had been severely affected by the recession and a string of misguided investments.
She told show host Joe Swash: "I'm a little girl with two kids - how could you screw me?"
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