Austin Real Estate News: Lance Armstrong Sells Home For Less Than a Third of Asking to Oil And Gas Businessman Al Koehler

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Lance Armstrong Austin Home

 

Photo: Robert Reck/Architectural Digest

So even though Lance Armstrong has sold his Austin abode, he still plans on calling the city his “home.” The real test is whether the city will still claim the cyclist who, in an Oprah interview rife with crocodile tears, admitted to doping his way through winning the Tour de France numerous times.

Lance Armstrong Media Room

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.

You can read the whole deal on the Austin American-Statesman website, but you shouldn’t miss out on this little tidbit.

“I’m glad this house stayed with a loyal Austinite,” Koehler said in an email to the American-Statesman. “We can do a lot of good for the city of Austin with this home. … I didn’t pay anything close to that (listing), but the Austin rumor mill is what it is.”

Lance Armstrong backyard

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Joanna England

If Executive Editor Joanna England could house hunt forever, she absolutely would. Instead she covers the North Texas housing market and the economy for CandysDirt.com. While she started out with the Real Estate Center at Texas A&M University, Joanna's work has appeared in The Dallas Morning News as well as several local media outlets. When she's not knitting or hooping, or enjoying White Rock Lake, she's behind the lens of her camera. She lives in East Dallas with her husband, son, and their furry and feathered menagerie.

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