As Curbed Austin reported March, the home of Lance Armstrong, one of the city’s most famous residents, was listed for sale at $7.5 million. While the property had been on and off the market since 2016, this time was apparently the charm. It was purchased Monday for $6.886 million and change.
The updated, Mediterranean-style beauty was built in 1924 and is in a prime location, sitting on close to half an acre across the street from Pease Park in the historic Old Enfield neighborhood.
While the 8,158-square-foot home has been remodeled for contemporary lifestyles (especially spendy lifestyles), it retains quite a bit of its original style and charm. The three-story home features spacious living areas on the first floor and five bedroom suites on the second level as well as seven and a half bathrooms.
The home was purchased by Carey Smith, who founded Kentucky-based Big Ass Fans (which is exactly what it sells) and recently sold the company for $500 million. According to a statement from Smith’s company, he and his wife will make the Austin residence their new home, and the city will become the new headquarters of Smith’s new research and development incubator, called The Kitchen. He plans to “gut the inside of the home as part of a major renovation,” according to the same statement.
You can see more photos of the home, pre-gutting, in Curbed Austin’s March feature on the listing.