Lance Armstrong sells $10 million estate, but for how much?
| Austin, Texas
Disgraced cyclist Lance Armstrong has sold his Austin estate to an oil-and-gas rights agent.
The reports a deed of trust filed with Travis County last week showed Al Koehler obtained a $3.1 million loan to buy the property, Armstrong's home since 2004. The home was listed at $10 million.
鈥淚鈥檓 glad this house stayed with a loyal Austinite,鈥� Koehler said in an email to the American-Statesman. 鈥淲e can do a lot of good for the city of Austin with this home. 鈥� I didn鈥檛 pay anything close to that (listing), but the Austin rumor mill is what it is.鈥�
The house was featured in . He told the magazine, 鈥淲hen 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鈥檚 going to mess with me. It鈥檚 a very comforting feeling.鈥�
Koehler is a founder of Royalty Clearinghouse, which buys oil and gas royalties and mineral rights on behalf of clients.
Armstrong spokesman Mark Higgins confirmed the sale and says Armstrong plans to remain an Austin resident.
Armstrong was stripped of his seven Tour de France titles in August and is banned for life from the sport.
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