This week we have another great edition of Celebrity Real Estate News. Unfortunately, none of the top stories are in South Walton…but they are still great stories!
Lance Armstrong Drops Price on Texas Estate
By: Diane Tuman, Zillow Content Manager | June 15, 2009
Seven-time Tour de France winner Lance Armstrong recently used Twitter to announce the arrival of his fourth child, but nary a word about a price drop on his magnificent estate in Dripping Springs, TX. Armstrong’s 447-acre property at 560 Deadman’s Hole, Dripping Springs, TX 78620, was just recently reduced to $10.5 million — a $1.5 million price drop from its original $12 million asking price.
According to Statesman.com, Armstrong had the house built in 2003 and it has “…seven miles of hike-and-bike trails, Hill Country views and 1,886 feet of frontage on the Pedernales River, as well as ownership in Dead Man’s Hole, the famous natural swimming pool.” This is where Armstrong wrote “Every Second Counts,” his best-selling memoir about his battle with cancer, explaining that he would challenge himself by jumping from the ledges around Dead Man’s Hole.
The home contains 5 bedrooms, 5 bathrooms, has an infinity-edge pool, fire pits, and is 4,241 square feet. Dripping Springs is located about 25 miles west of Austin, TX.
Armstrong is prepping for the Tour de France, which begins on July. 4. He is in excellent shape and we are excited to watch him race!
Stephen Baldwin Losing Home to Foreclosure
By: Diane Tuman, Zillow Content Manager | June 12, 2009
(Photo courtesy LoHud.com)
Actor Stephen Baldwin, one of the Long Island-raised Baldwin brothers who all went into acting careers, is losing his Old Mountain Road home in Nyack, NY to foreclosure. The Baldwin home will be auctioned off on June 24, according to LoHud.com.
According to public records, Baldwin and his wife, Kennya, paid $515,000 for the circa-1850 home in 1997. He then listed the property for $3.4 million in 2006, with the desire to find a bigger property so he could keep horses, but it did not sell.
LoHud reports that the Baldwins defaulted on paying $824,488.36 to mortgage holder Bankers Trust Co. and county filings show the Baldwins owe National City Bank money for a separate mortgage and may owe tens of thousands in unpaid state and federal taxes on the property.
Dan Marino Spices Up Sale With Some Perks
By: Diane Tuman, Zillow Content Manager | June 9, 2009
Dan Marino, the prolific quarterback of the Miami Dolphins from 1983-1999 who frustrated pursuing linebackers with his fast release and strong throwing arm, can’t seem to shake a different kind of problem: selling his home in Weston, FL. Frustrated by the lack of action, he is now sweetening the deal on his 4-acre, 15,000 sq ft home located at 3415 Stallion Lane, Weston, FL 33331 by throwing in $1.5 million worth of furniture and a signed football, according to the Wall Street Journal.
The sprawling Tuscan-style home is neatly tucked into the gate community of Windmill Ranch Estates, which is approximately 25 miles west of Fort Lauderdale. It has 10 bedrooms and 12 bathrooms to accommodate his family of eight, although three kids are in college and one is graduating high school, which means Dan and his wife will have a huge empty nest once all the kids have flown the coop.
The Marinos built the estate in 1998 and first listed it in 2006 for $15.9 million, then dropped the price to $14.5 million in 2007 and now it’s listed at $13.5 million. It looks like many celebrities are having a hard time unloading their properties as A-Rod and Britney can attest.