The fall from grace of Lance Armstrong has turned out to be a good thing... at least as far as his Austin estate's new property owner is concerned. With almost 10,000 total square feet and 1.5 acres of land, it's going to make an amazing Austin home.

Disgraced former cycling champion Lance Armstrong has sold his sprawling home in the hills of Austin, Texas, his spokesman said on Thursday.

Spokesman Mark Higgins, who spoke to Reuters, said Armstrong would continue to call the city his home, but did not elaborate on where Armstrong would live in Austin or offer any details of the sale.

The sale of the 1.5-acre property, which includes a 7,800-square-foot home and a 1,600-square-foot guesthouse, caps a year of turmoil for the seven-time Tour de France winner.

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