Disgraced cyclist Lance Armstrong has decided to sell his Austin estate to an oil-and-gas rights agent, according to Austin American-Statesman reports.
They also reported that a deed of trust filed with Travis County last week showed Al Koehler obtained a $3.1 million loan to buy 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.
Koehler is a founder of Royalty Clearinghouse, which buys oil and gas royalties and mineral rights on behalf of clients.
"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."
Armstrong bought the 1.7-acre Spanish-style estate in 2004. He often hosted parties and fundraisers for the Linvestrong Foundation at the location.
The house was also featured in Architectural Digest magazine in 2008, in which he was quoted saying, "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."
His spokesman Mark Higgins confirmed the sale and says that Armstrong plans to remain in Austin.
Armstrong has admitted to using performance-enhancing drugs. He was stripped of his seven Tour de France titles in August and is banned for life from sports.
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