Lance Armstrong Sells Massive Austin Mansion

    Posted by Cristin  |  April 11, 2013  |  1:49 pm  |  Tags: , , , , , ,

    Wenn

    Lance Armstrong

    Austin, TX

    Most Known For

    Disgraced former cycling champion

    Home Stats

    7,850-square foot Spanish-style main home on 1.7 acres

    Price

    TBD

    Lance Armstrong, the disgraced former 7-time Tour de France cycling champion who has fallen hard and fast from glory, has just parted with another trophy of his former life – his massive family estate in Austin, Texas.

    Reported by The Austin American-Statesmen and Candy Evans, the deed of trust filed with Travis County last week showed that the home found a buyer by the name of Al Koehler. Koehler is founder of Royalty Clearinghouse, an oil and gas royalties and rights company. The final purchase price is still unknown.

    Armstrong has owned the 1.7 acre, 7,850 square-foot estate since 2004 and invested heavily in a full renovation and design project, which he debuted in a 2008 issue of Architectural Digest. At the time of publication, he told the magazine, “when I walk into that house, I heave a sigh of relief: I am home. I take off my shoes, walk around barefoot, just feeling the rugs, floors. Home is very private; here, nobody’s going to mess with me. It’s a very comforting feeling.”

    Amid his personal and professional turmoils of the past couple years and his admission to using performance-enhancing drugs throughout his illustrious career, Armstrong decided to decamp to a new refuge and sell the home. Several media reports suggest that Armstrong may be required to return money to his former sponsors that generously supported him during the years he was doping.

    Images via Robert Reck/Architectural Digest

      Pia Zadora’s Former Home Gets a Remodel and a $16 Million Price Bump

      Posted by Cristin  |  August 1, 2012  |  8:09 pm  |  Tags: , , , , , , ,

      Steve Granitz/WireImage.com

      Pia Zadora

      Pacific Palisades, CA

      Most Known For

      Actress and singer who got her start working as a child actress on Broadway

      Home Stats

      8 bedrooms, 13 bathrooms, 13,585 square feet

      Price

      $26,000,000

      The new owners of Pia Zadora’s longtime estate have placed the palatial Pacific Palisades home on the market for a whopping $26,000,000. According to public records, Zadora quietly sold the home to ABR Capital LLC in 2011 for slightly less than $5,000,000. Zadora was originally asking for $10,000,000 when she last put the home on the market in 2010.

      It’s a massive price increase that we felt was worth some investigating. Photos of the property in 2010, indicate a large home dominated by custom wood finish and a large outdoor area, that seems relatively uninspired.

      The new owners must be aiming for a super high-end ‘flip,’ as the home is now completely revamped. Today, interested buyers are greeted with a stunning, 13,585 square foot modern-looking home, ideally located with sweeping views of the Pacific Ocean. Featuring 8 bedrooms and 13 bathrooms, this home is built for comfort and for entertaining, and also features two guest houses.

      The new owners and their guests will seldom have to leave this exclusive estate due to a variety of features on the property, including a grand living room, a formal dining room with room for 20, 2 offices, playroom, game room, wine tasting room, sports court and gym.

      But the excitement isn’t all indoors. Glass walls disappear to seamlessly connect comfortable outdoor living and dining areas with the interior of the house. Throw in the salt water infinity pool and you start to get a sense of the considerable effort that was put into renovating the home.

      Ginger Glass of Coldwell Banker holds the listing.

      Update: We previously reported that Pia Zadora was the current seller of this home. After taking a closer look at property records, we discovered that she quietly sold this home in 2011 for just under $5 million. The new owners are the ones looking to mint some serious cash on this high-end ‘flip.’ We regret the error.