Archive for Monday, June 16, 2008

Hot Property

Hot Property: Lenny Dykstra lists Lake Sherwood estate for $24,950,000

Hot Property

We should all be so lucky. Lenny Dykstra, the scrappy major league ball-playing spark plug who became a stock market savant, is selling his Lake Sherwood Georgian estate for $24,950,000.

The property, designed by architect Richard Landry and sitting on 7 acres atop a secluded promontory with mountain and golf-course views, includes outdoor entertaining verandas, a pool, a spa, a championship tennis court, servants quarters and manicured lawns and gardens. The main house has 12,713 square feet of living space, including a receiving parlor and an opulent formal dining room. There is a paneled study, a professional kitchen and a state-of-the-art screening room. The house was previously owned by hockey great Wayne Gretzky.

OK, stop. Dykstra, this is Dykstra we’re talking about – the man whose nicknames are “Nails” and “The Dude.” Come on, the man chewed tobacco. (To be fair, he later renounced the stuff and urged his fans to copy his work ethic, not his bad habits.)

The 45-year-old Dykstra, a legend who played outfield with the Mets and the Phillies and got 1,298 hits during his career, was always a fan favorite – in no small part because of his hard play and street sensibilities.

Dykstra’s street smarts served him well when, at age 35, he hung up his cleats and retired. He knew how to please a crowd and followed his instincts about what people wanted: His first post-baseball investment was a car wash in California.

From there he became a columnist on TheStreet.com, recommending stocks to the eager ears of the masses. He has written books, led motivational seminars and pretty much reinvented himself as a one-man show of investment wisdom.

Baseball, however, will stay in the family. On June 5, his son Cutter was selected by the Milwaukee Brewers in the second round of the major league baseball draft.

F. Ron Smith of Sotheby’s International in Brentwood has the listing.

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