Austin luxury market boosted by Lance Armstrong

Lance Armstrong’s been doing his part to generate more luxury home sales in the Austin, Texas, market this year, having been involved in three transactions in the last six months, the Daily Mail reports.

Armstrong just sold a 12,553-square-foot Lake Austin mansion that he bought six weeks ago for $4.34 million, closing on a 7,646-square-foot home owned by a former lieutenant governor of the Lone Star State five days later.

Armstrong faces a “number of lawsuits” from former sponsors who dropped him after doping allegations took the luster off the cyclists’ past accomplishments, the Daily Mail notes. Source: dailymail.co.uk.

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