Good things must come to an end. Such is the way of Pamela Anderson’s most recent split. Apparently, Pamela’s surprisingly hot electrician boyfriend Jamie Padgett was no longer good enough for her. How can that be? They met in a trailer park! Granted, it was the Malibu trailer park, and none of us could afford it. And yes, they met when Pamela was staying in the trailer park because of her millions of dollars worth of renovations to her home – which she now can’t pay for. Anyway, despite the rumors she and Jamie were going to get hitched, Pamela told a friend (who then ran out to tell Radar) that the relationship was over, some time before the holidays it’s looking like.

Looks like sparks are no longer flying between Pamela Anderson and her hunky lover Jamie Padgett, RadarOnline.com can exclusively reveal.

The blonde bombshell and the studly electrician/surfer became an item after meeting at the Paradise Cove Trailer Park in Malibu where they both have homes; the Baywatch babe had moved into the park while her nearby home was being re-modeled and Padgett was already living there.

The lovebirds were spotted showing-off their buff bodies strolling along a beach in Malibu this past summer but now it seems that their relationship has cooled.

Anderson confessed to a source that she was no longer dating Padgett and the pair spent the holidays apart with Anderson performing in the pantomime Aladdin in England before returning to celebrate New Year as a host at Paramount Studios in Los Angeles.

A source told Radar Online.com: “Pam made it pretty clear she is no longer dating Jamie and that she was looking for a new love interest. She didn’t have anything bad to say about him and described him as a ‘sweet guy’ and that she hoped they would remain friends.”

“Her ex-husband Tommy Lee was jealous of Jamie and Pam’s relationship and he had given their two sons Brandon and Dylan some surfing lessons.”

RadarOnline.Com spoke with Padgett Wednesday, and he remained cool when asked about the status of his relationship with the former Playboy pin-up.

He said: “Pam is a fine mother and she does some great work for animal rights through PETA. I did not go to London with her over the holidays as I was doing my own thing – it’s up to her to say if we are dating or not. I’m sure I will see her when I see her.”

Anderson will be hoping that 2010 will be a better year than 2009 as she looks to move her bank balance back into the black. She reportedly ran $3 million over budget on the renovation of her Malibu beach property which still has not been completed.

She told British television presenter Joe Swash recently: “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.”

[From Radar]

Jamie sounds pretty cool and low-key, doesn’t he? Like, “whatever, I’m fine either way.” It took me aback. He even sounds like he respects her and doesn’t have any kind of axe to grind! But… no one does that anymore! I hate to say it, but he kind of seems perfect for Pamela, and she’s done so much worse – I think she should get back with him.

Pamela Anderson and Jamie Padgett in Malibu on September 7, 2009. Credit: Karl/Tony/INFphoto.com