Enron Founder Ken Lay's Condo Up For Sale

by Deidre Woollard (RSS feed)
Sep 23rd 2009 at 10:01PM

The luxury Houston condo that once belonged to Ken and Linda Lay has finally been put up for sale. Ken Lay, who was the founder of Enron, died in 2006. The condo takes up the 33rd floor of The Huntingdon in the River Oaks area of Houston. The unit has four bedroom suites, four balconies, three fireplaces, a wine cellar and more in over 12,800 square feet. It is being quietly shopped around at $12.8 million.

It's not clear how the proceeds of the sale will be divided up. The Houston Chronicle posits that Linda Lay and government lawyers may have struck some sort of deal that might result in some of the money going to creditors. In 2002 the couple owned a wide variety of properties in Texas and Colorado but all of those properties have been sold. Linda Lay is said to be looking for a smaller home. The condo sale is being handled privately by Beau Herrold, Linda Lay's son from her first marriage and tours are by invitation only.

Tags: enron, houston, huntingdon, ken lay, KenLay, linda lay, LindaLay