Lance Armstrong Buys 12,000-Square-Foot Lake Austin Home for $4.34 Million

By Lizbeth Scordo | omg! – 2 hours 37 minutes ago

RedfinLance Armstrong Buys 12,000-Square-Foot Lake Austin Home for $4.34 Million
Plenty of people (including a little organization know as the U.S. Department of Justice) may be suing Lance Armstrong, but the disgraced pro cycler doesn’t seem to be all that concerned about preserving his savings account these days, and just dropped $4.34 million to upgrade to a bigger mansion on a larger plot of land in Austin, Texas, this week.
The Austin-Statesman reported that Armstrong bought the new property, on Lake Austin, just a few days after selling the home he owned in Central Austin.

Lance Armstrong (Christopher Polk/VF12/Getty Images)

A peek at the listing via Redfin shows the 5-bedroom, 6.5-bath home sits on 3.6 acres and hit the market last September with an asking price of $5 million. The new place is more than 4,000 square feet larger than the home he just sold, though it's unclear how much he got for his former property, which was once featured in Architectural Digest.

According to the Statesman, Armstrong may have been asking $10 million at one point but the buyer told the paper he didn't pay "anything close" to that number. The home was appraised at $3.9 million last year, according to tax records.

As for Armstrong's new digs, the property, built in 2002, features four separate structures made of stone and concrete all anchored by a pool that's meant to look like it's pouring into Lake Austin. Fancy features include a roof deck, art studio, 4-car garage, hot tub, indoor sports court, and cabana.

Now for the really over-the-top part. The home -- designed by renowned Austin-based architecture and design studio Andersson-Wise -- also includes an outdoor 200-foot suspension bridge made of ipe wood and steel that spans a canyon and leads from the main structure to a private boathouse. Maybe Lance is moving on to sailing?

Check out more pics of the home here ...