Natalie Wood's daughter recalls news of mom's death: 'I didn't know if I was having a bad dream'

Daily News front page November 30, 1981, Headline: NATALIE WOOD DEAD - Body found floating off Catalina. ALLEN EXITS - Takes 'leave of absence' Richard Alen: 'I certainly feel that I have done nothing wrong' (Photo By: /NY Daily News via Getty Images) 

The 55-foot yacht "Splendour," belonging to actor Robert Wagner and his wife, actress Natalie Wood, sits in the waters off Catalina Island in Santa Catalina, Calif., near the site where Harbor Patrol personnel and lifeguards discovered the body of Wood, an apparent drowning victim, Nov. 29, 1981. Los Angeles sheriff's homicide detectives are taking another look at Wood's 1981 drowning death based on new information, officials announced Thursday, Nov. 17, 2011. (AP Photo/Harrington, File) 

Actor Robert Wagner and former wife Natalie Wood, on board the Queen Elizabeth II in April 1972, after a hectic storm at sea, where they announced that they would remarry. (AP Photo/Steve Wood) 

The gravesite of actress Natalie Wood is seen in the Westwood Village Memorial Park in Los Angeles, on August 18, 2009. The burial spot located just above the final resting place of Marilyn Monroe is going on sale for a cool 500,000 dollars on auction website eBay. The tomb in the Westwood Village Memorial Park in Los Angeles is currently occupied by one Richard Poncher, who died 23 years ago aged 81. But his widow is having his body moved over one spot and auctioning the site above Monroe's, hoping to earn enough to pay off her 1.6-million-dollar Beverly Hills home. The cemetery is also the final resting place for celebrities as Natalie Wood, Truman Capote, Frank Zappa, Dean Martin, Jack Lemmon, Burt Lancaster, Billy Wilder, and more recently Farrah Fawcett. AFP 

 Natasha Wagner was just 11 when her mother, screen legend Natalie Wood, died in a boating accident.

Wagner talked about her beloved mother in a new People magazine cover story, on newsstands Friday.

She shared intimate family photos of her mom, sisters, and stepdad Robert Wagner.

She was at a sleepover when she heard a 1981 radio report that Wood had fallen off her yacht and drowned off the coast of California.

The circumstances of her death remains a matter of intrigue and mystery.

"I didn't know if I was having a bad a dream, if that was really happening. What I remember most is that my dad was incredibly devastated, and very tender in telling us what had happened," she said.

Wagner is now 45. She said she understands why the world is still fascinated by her mother all these years later.

Now she's paying tribute to her mom with a new perfume fragrance. It's called, "Natalie," and Wagner said the fragrance reminds of her beloved mother

"I was very close to my mom," she said.