Lance Armstrong, who admitted to doping his way through winning the Tour de France numerous times, has sold his estate in Central Austin and says he still plans to call the city his home.
According to the Austin American-Statesman, a deed of trust filed with Travis County last week showed that the home's buyer, Al Koehler, took out a $3.1 million loan to purchase the property. However, local real estate agents say the house was listed at $10 million; in 2012, the property was listed on the Travis County tax roll for $3.9 million.
The Camp Mabry Spanish-style home was purchased in 2004 by Armstrong, who renovated the almost 8,000-square-foot mansion. It was on the market for around $10 million.
According to the Architectural Digest article, in addition to his Austin estate the tarred and feathered former superstar owns (or owned) homes in New York, Spain, the Bahamas and Dripping Springs, TX, about 45 minutes outside Austin. At about the time he was being publicly pilloried for his rapacious water usage in Austin Mister Armstrong hoisted Mirasol Ranch-his 450-ish acre river-front spread in scenically scrubby Dripping Springs-on the market with an asking price was $12,000,000.
By the spring of 2011 the price tag had dropped to $8,500,000 and the impressive spread with its 7-plus miles of biking and running trails was later taken off the (open) market. Although we're not 100% sure a careful read through property records suggest Mister Armstrong sold his ranch property in August 2011 for an undisclosed amount of money to a corporate entity easily linked to the CEO of a Carrollton, TX property management software concern.
