By . Daily Mail Reporter . PUBLISHED: . 00:31 EST, 5 July 2013 . | . UPDATED: . 05:07 EST, 5 July 2013 . Disgraced cyclist Lance Armstrong has sold his hill-top mansion overlooking Lake Austin just six weeks after he bought it for $4.34 million. The seven-time Tour de France winner, who was last year exposed as a drugs cheat, has sold the home to racing driver Bret Curtis for an undisclosed sum. It isn’t known if he sold so soon to make a quick profit or if there is another explanation. Continuing the rapid-fire real estate moves, Armstrong purchased a new Austin home only five days after closing the deal in Lake Austin. Disgraced cyclist Lance Armstrong has sold his hill-top mansion overlooking Lake Austin just six weeks after he bought it for $4.34 million . Modern castle: With clean lines, sharp angles . and a rough-hewn stone facade, the modern-style home is spread over four . structures and is modelled in the style of a Cistercian abbey . Armstrong bought the 7,646-square-foot, single-family home from Ben Barnes, the former lieutenant governor of Texas and speaker of the Texas House of Representatives, reports Zillow. The property is described as a ‘1924 Mediterranean-style manse in the Old West neighborhood’ and sits on nearly half an acre. Armstrong, who was last year banned from sports for life and stripped of his titles by the U.S. Anti-Doping Agency, has been hopping around Texas for some time. A local businessman reportedly took . out a $3.1million loan to buy Armstrong's home in Central Austin, which . earlier this year served as the setting for his televised confessional . with Oprah Winfrey. Armstrong, who was last year banned from sports for life and stripped of his titles by the U.S. Anti-Doping Agency, has been hopping around Texas for some time . Bargain struck: It is located in Austin's . exclusive Rob Roy neighbourhood and Armstrong has sold it to racing driver Bret Curtis for an undisclosed sum . Perfect party pad: A view of the property at dusk shows how it might look just before a soirée begins . Despite spending years renovating the property, it had been speculated that Armstrong . sold the home to raise the funds to deal with a number of lawsuits he . faces from former sponsors angry about his doping. They include one for $12million from . SCA Promotions, and a possible $100million lawsuit from the Justice . Department as they may seek three times the amount that the Postal . Service paid to sponsor him throughout his career. Armstrong bought the 7,850-square-foot . mansion in 2004, and spent years renovating it with the team of . architects that he had previously worked with on his homes in Spain, New . York, the Bahamas and a second property in Texas. He was so proud of the finished . product that he gave an interview and tour to Architectural Digest where . he talked about his love of art and his desire to turn the home into a . true family house. At the time of the 2008 interview, he . had three children from his first marriage and told how he envisioned . the house as a home to them where they - along with their mother, his . ex-wife Kristen - would spend quality time together. 'When their mom and I split, the kids . and I moved around a bunch. But that’s over. This time I said, "You will . graduate from high school in this house. I promise. Dad’s not moving . again,"' he told the magazine. Private: The new home replaces Armstrong's old house in Central Austin, which reportedly lacked privacy - something the recently exposed drugs cheat may well be craving now . Sun soaked: The six-bedroom, eight-bathroom house, which was designed by Austin-based Andersson-Wise Architects, also features an art studio, guest house, office and private cinema . Comfortable: The home boasts incredible views over the Texas countryside down to Lake Austin . The pad he has just sold, sits on a hill top . and has been described as a 'modern castle'. It is set in a 3.6-acre . compound overlooking the nearby lake and boasts six bedrooms and eight . bathrooms. It is located in Austin's exclusive . Rob Roy neighborhood and was reportedly on the market for $5million, . but Armstrong managed to seal the deal for $4.34million in April . With clean lines, sharp angles and a . rough-hewn stone facade, the modern-style home is spread over four . structures, which Realtor.com says is modeled in the style of a . Cistercian abbey. Aside from the multitudinous bedrooms . and bathrooms, it includes luxuries ranging from a library to a home gym . and wood and stone flooring throughout it's 12,553-sq/ft living space. The house, which was designed by . Austin-based Andersson-Wise Architects, also features a guest house, . office, gourmet kitchen and private cinema. Artistic types can express themselves in a detached art studio. Outside the palatial pad features a . swimming pool, cabana and terraced gardens, and a rooftop deck with . stunning views of the surrounding Texas countryside. A local businessman reportedly took out a $3.1million loan to buy Armstrong's home in Central Austin in April, the setting for his televised confessional with Oprah Winfrey at the start of the year . Perfect for entertaining: The dining room here pictured has a table capable of comfortably seating ten . A place to relax: The living room is fully kitted out with comfortable sofas and antique-looking furniture . Seen from another angle: Ample fenestration means the inside is able to benefit from the bright Texan sun . Gourmet kitchen: There are plenty of surfaces here to whip up dinners for guests - or just a quick snack . Kitchen table: Six can be easily seated for everyday meals in this family home for millionaires . This is where the magic happens: Floor to ceilings windows in this one of the eight bedrooms offers views of the 3.6 acres of private wooded grounds that the home sits in . Secluded: The boat house on Lake Austin, from where he can make a quick getaway across the water . Hiding place: The cooling waters and the shady interior will offer him a place to cool down in the intense heat of summer . Armstrong previously owned a second . house in the foothills of the Texas Hill Country. He built the $8million . dollar four bedroom Mirasol holiday home himself, but sold it several . years ago after apparently being forced to drop the asking price. The disgraced cyclist also bought a . home in Aspen, Colorado, to enable him to train at altitude for an . estimated $9million in 2008. He is also said to own homes in New York and Hawaii, and lived in Girona, in Spain for several years in his Tour de France days. In 2004 he lived at his Spanish home for a spell with his then-girlfriend, singer Sheryl Crow. As well as his impressive array of . homes, Armstrong also owns the Juan Pelota Cafe in Austin, Texas, and a . cycle shop called Mellow Johnny's from the same building. Sold: Armstrong's 7,850-square-foot mansion in Central Austin, which he sold last week .
The drugs cheat has moved on to his third home in Austin, Texas this year .
It isn’t known if has sold so soon to make a quick profit or if there is another explanation .
By . Daily Mail Reporter . PUBLISHED: . 00:31 EST, 5 July 2013 . | . UPDATED: . 05:07 EST, 5 July 2013 . Disgraced cyclist Lance Armstrong has sold his hill-top mansion overlooking Lake Austin just six weeks after he bought it for $4.34 million. The seven-time Tour de France winner, who was last year exposed as a drugs cheat, has sold the home to racing driver Bret Curtis for an undisclosed sum. It isn’t known if he sold so soon to make a quick profit or if there is another explanation. Continuing the rapid-fire real estate moves, Armstrong purchased a new Austin home only five days after closing the deal in Lake Austin. Disgraced cyclist Lance Armstrong has sold his hill-top mansion overlooking Lake Austin just six weeks after he bought it for $4.34 million . Modern castle: With clean lines, sharp angles . and a rough-hewn stone facade, the modern-style home is spread over four . structures and is modelled in the style of a Cistercian abbey . Armstrong bought the 7,646-square-foot, single-family home from Ben Barnes, the former lieutenant governor of Texas and speaker of the Texas House of Representatives, reports Zillow. The property is described as a ‘1924 Mediterranean-style manse in the Old West neighborhood’ and sits on nearly half an acre. Armstrong, who was last year banned from sports for life and stripped of his titles by the U.S. Anti-Doping Agency, has been hopping around Texas for some time. A local businessman reportedly took . out a $3.1million loan to buy Armstrong's home in Central Austin, which . earlier this year served as the setting for his televised confessional . with Oprah Winfrey. Armstrong, who was last year banned from sports for life and stripped of his titles by the U.S. Anti-Doping Agency, has been hopping around Texas for some time . Bargain struck: It is located in Austin's . exclusive Rob Roy neighbourhood and Armstrong has sold it to racing driver Bret Curtis for an undisclosed sum . Perfect party pad: A view of the property at dusk shows how it might look just before a soirée begins . Despite spending years renovating the property, it had been speculated that Armstrong . sold the home to raise the funds to deal with a number of lawsuits he . faces from former sponsors angry about his doping. They include one for $12million from . SCA Promotions, and a possible $100million lawsuit from the Justice . Department as they may seek three times the amount that the Postal . Service paid to sponsor him throughout his career. Armstrong bought the 7,850-square-foot . mansion in 2004, and spent years renovating it with the team of . architects that he had previously worked with on his homes in Spain, New . York, the Bahamas and a second property in Texas. He was so proud of the finished . product that he gave an interview and tour to Architectural Digest where . he talked about his love of art and his desire to turn the home into a . true family house. At the time of the 2008 interview, he . had three children from his first marriage and told how he envisioned . the house as a home to them where they - along with their mother, his . ex-wife Kristen - would spend quality time together. 'When their mom and I split, the kids . and I moved around a bunch. But that’s over. This time I said, "You will . graduate from high school in this house. I promise. Dad’s not moving . again,"' he told the magazine. Private: The new home replaces Armstrong's old house in Central Austin, which reportedly lacked privacy - something the recently exposed drugs cheat may well be craving now . Sun soaked: The six-bedroom, eight-bathroom house, which was designed by Austin-based Andersson-Wise Architects, also features an art studio, guest house, office and private cinema . Comfortable: The home boasts incredible views over the Texas countryside down to Lake Austin . The pad he has just sold, sits on a hill top . and has been described as a 'modern castle'. It is set in a 3.6-acre . compound overlooking the nearby lake and boasts six bedrooms and eight . bathrooms. It is located in Austin's exclusive . Rob Roy neighborhood and was reportedly on the market for $5million, . but Armstrong managed to seal the deal for $4.34million in April . With clean lines, sharp angles and a . rough-hewn stone facade, the modern-style home is spread over four . structures, which Realtor.com says is modeled in the style of a . Cistercian abbey. Aside from the multitudinous bedrooms . and bathrooms, it includes luxuries ranging from a library to a home gym . and wood and stone flooring throughout it's 12,553-sq/ft living space. The house, which was designed by . Austin-based Andersson-Wise Architects, also features a guest house, . office, gourmet kitchen and private cinema. Artistic types can express themselves in a detached art studio. Outside the palatial pad features a . swimming pool, cabana and terraced gardens, and a rooftop deck with . stunning views of the surrounding Texas countryside. A local businessman reportedly took out a $3.1million loan to buy Armstrong's home in Central Austin in April, the setting for his televised confessional with Oprah Winfrey at the start of the year . Perfect for entertaining: The dining room here pictured has a table capable of comfortably seating ten . A place to relax: The living room is fully kitted out with comfortable sofas and antique-looking furniture . Seen from another angle: Ample fenestration means the inside is able to benefit from the bright Texan sun . Gourmet kitchen: There are plenty of surfaces here to whip up dinners for guests - or just a quick snack . Kitchen table: Six can be easily seated for everyday meals in this family home for millionaires . This is where the magic happens: Floor to ceilings windows in this one of the eight bedrooms offers views of the 3.6 acres of private wooded grounds that the home sits in . Secluded: The boat house on Lake Austin, from where he can make a quick getaway across the water . Hiding place: The cooling waters and the shady interior will offer him a place to cool down in the intense heat of summer . Armstrong previously owned a second . house in the foothills of the Texas Hill Country. He built the $8million . dollar four bedroom Mirasol holiday home himself, but sold it several . years ago after apparently being forced to drop the asking price. The disgraced cyclist also bought a . home in Aspen, Colorado, to enable him to train at altitude for an . estimated $9million in 2008. He is also said to own homes in New York and Hawaii, and lived in Girona, in Spain for several years in his Tour de France days. In 2004 he lived at his Spanish home for a spell with his then-girlfriend, singer Sheryl Crow. As well as his impressive array of . homes, Armstrong also owns the Juan Pelota Cafe in Austin, Texas, and a . cycle shop called Mellow Johnny's from the same building. Sold: Armstrong's 7,850-square-foot mansion in Central Austin, which he sold last week .
last year exposed as a drugs cheat, has sold the undisclosed sum. It isn’t known if he sold so soon to make a quick profit or if there is Armstrong's home in Central Austin, which .