Lance Armstrong is staying in Austin — the former cyclist last week purchased an estate with a view of Lake Austin.
He closed on the house, which was on the market for about $5 million, days after he sold his home in Central Austin.
Local real estate agents with access to proprietary sales data said Armstrong paid $4.34 million.
The deed, obtained Tuesday by the American-Statesman, did not indicate a sales price or whether a loan was taken out for the purchase.
In 2012, the home, which is nestled on 3.6 acres in the exclusive Rob Roy subdivision, was valued at $4.38 million on the Travis County tax rolls.
Armstrong declined comment.
It’s unclear why Armstrong suddenly began flipping real estate. He is facing several multi-million-dollar lawsuits as a result of his confession to extensive use of performance-enhancing drugs throughout his record-setting career. The federal government likely will reissue a whistle-blower suit this month after deciding to join the case in February.
In early April, Armstrong sold his home near Camp Mabry for an undisclosed price. Armstrong bought the home in 2004 and moved there in 2006 after an extensive remodeling. In 2008, the 7,850-square foot, Spanish-style home with a guest house was featured in Architectural Digest. Armstrong told the magazine he wouldn’t consider moving from there until his children were out of high school.
Armstrong’s Central Austin mansion, which lacked privacy, was appraised on the 2012 tax rolls for $3.9 million. Local real estate agents told the American-Statesman that the house was listed at $10 million. But the buyer, Al Koehler, said he didn’t pay that much for Armstrong’s home.
Armstrong got a deal on his new, five-level home, which has been on and off the market for the last three years. Owners Thomas and Mary Martin originally listed the home for sale in 2010, with an asking price of $7.6 million.
Like Armstrong's former residence, the Rob Roy home was featured in Architectural Digest in 2010. The boat house also received a design award from the Texas Society of Architects.
The home was designed by the Austin architectural firm Andersson-Wise Architects. The property features a main house, indoor sports court, office and media room, a guest home and art studio.
There’s also a 200-foot-long suspension bridge, which was originally flown in by helicopter, that connects the main home to the boat house.
Correction: In an earlier version of this story, we reported that the house was designed by Austin architect Arthur Andersson. It was, but the credit should go to Andersson's architectural firm, Andersson-Wise (Christopher Wise, his partner, helped out).