Now that his cycling career is over, is Lance Armstrong turning to real estate? The disgraced cyclist bought a modern architectural home in Austin, TX, on April 10 for $4.34 million, only to sell it six weeks later to race car driver Bret Curtis. The final sale price hasn’t been disclosed yet, so it’s unclear if he made a profit, but the turnaround was fast, even for professional home flippers.
Armstrong hasn’t given up on Austin real estate. In late May he picked up another home owned by Ben Barnes, the former lieutenant governor of Texas and owner of The Ben Barnes Group, which Armstrong hired to look into steroid cop Jeff Novitzky in July 2010. Perhaps he visited Barnes’ home during that time and liked what he saw. The 7,200 square foot Mediterranean-style manse is located in the Old West neighborhood of Austin. It’s unclear how much he bought it for, but it is on the Travis County tax rolls for $2.7 million.
What do you think – is Armstrong making a new career in real estate? Would you hire him to flip your house?