The Home Front

The Lenny Dykstra Flip?

By Luke Mullins

Posted: June 10, 2008

Former big-league baseball player Lenny "Nails" Dykstra is swinging for the fences with this recently reported real estate deal:

From Big Time Listings:

Lenny Dykstra has placed his eight-bedroom mansion in the Lake Sherwood area of Thousand Oaks, Calif., on the market for $24,950,000, less than a year after purchasing it from hockey great Wayne Gretzky for a reported $18.5 million.

The listing is here.

The property website is here.

It takes some serious grit to go for the multimillion-dollar flip in today's market. Dykstra is going to have to bring that sucker way down to find the strike zone. (Looks like "The Great One" may have shot one past him.) Still, I would not want to be in a home price negotiation with Dykstra. He'll definitely get his uniform dirty. Speaking of Dykstra, this should be required reading.

Don't trust Dykstra

Lenny Dykstra is absolutely certifiable.

He hired a few captains for his private jets...moved them out to the West Coast promising endless opportunities and then literally, weeks later, would NOT PAY THEM. He did not have ANY complaints about the job they were doing. He also threatened that if they asked for money, he would fire them! The final straw for my friend was when they needed to get gas for the plane, and Dykstra demanded that the unpaid pilot pay for the gas out of his own pocket. This guy is managing people's money? He can't even manage his own!?

Heather of NY @ Nov 26, 2008 19:13:27 PM

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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