Lance Armstrong dumps his Austin Lake home.

Lance Armstrong dumps his Austin Lake home.

When searching for the home of your dreams, it’s usually good advice to stay within your means.  If we learned anything from the housing meltdown of 2007, practicality should be one of the number one tenets of buying a new home.

That said, every once in a while it can be fun to get lost in the clouds and indulge in the world of celebrity real estate.  Whether it’s to dream about the future, or simply to gawk at the largesse of the nation’s wealthiest celebrities, keeping tabs on the lifestyles of the rich and famous can be a fun exercise.  Here’s a little run down on the latest in the world of celebrity home buying and selling.

Lately, there has been a lot more of the latter, with celebrities dumping their massive homes in favor of…other massive homes.  In Lance Armstrong’s case, he sold his Lake Austin mansion only six weeks after purchasing it.  It was apparently purchased by race car driver, Bret Curtis.  As the NBC article notes, Armstrong’s reason for selling is unknown.  What does seem clear, however, is that Curtis will be enjoying some of the more opulent features of the house.  With a private boathouse, cabana, pool, and spa among other amenities, this is clearly not your average lakehouse.

Fear not for Lance, though as money troubles do not seem to be the reason for the sale.  He recently moved into the former Lt. Governor of Texas’ 7,646 square foot home.

Armstrong isn’t the only former sports star ditching his home.  Hockey’s Great One, Wayne Gretzky , listed his Scottsdale homefor $3.395M.

Just as some of last generation’s sports legends seem to be moving out, one of this generation’s rising stars is putting his rookie contract to quick work.  Washington Redskins QB Robert Griffin III has purchased a 2.5M home to match his royal sounding name.  This is an exciting time for the young field general as he continues his rehab from an ACL tear and is set to be married this month.

That’s all for now.  Check in reguarly for more updates on the world of real estate.