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Lenny Dykstra. Nails. The Dude. You have to love him right? I still remember when he showed up for spring training in 1993 all jacked up and proclaimed he had taken some “good vitamins” during the off-season. Oh that Lenny, what a kidder. So when you found out he had become some kind of stock genius, you basically had to pick your jaw off the floor didn’t you? Well, it might all be crashing (like a car into a tree?) around him as evidenced by the listing of his SoCal home for $25 million. Get out while you can Dude!

The house, which is on the Sherwood Country Club in Thousand Oaks, CA, used to be the home of Wayne Gretzky and is – technically speaking – ginormous. So if you’re looking for a little spot for you and the wife and kids, consider this place with it’s 12,713 square feet, eight bedrooms, seven baths located on seven acres next to a GOLF COURSE! But don’t let me sell you on the place, let’s look at what Sotheby’s says (yea, I said Sotheby’s):

This timeless estate, designed by architect Richard Landry, sits atop a secluded promontory w/ panoramic views of Lake Sherwood community & the Country Club facilities. This 7 +/- acre gated compound, creates the perfect blend of old world grandeur w/ today’s modern amenities which include Formal Grand Salon, Billiards room, Screening Room, Outdoor Verandas, Fitness Facility, Championship Tennis Court, 2 separate guest apartments, all set against the backdrop of manicured gardens & lawns.

How’s that duplex you have your eye on looking now?

Anyway, Lenny claims he’s selling the place because it’s too big.

It’s a compound; it’s not a house,” said Dykstra, the former All-Star outfielder. “I can go for a couple of days and not see any other family members. I found out I had a tennis court I didn’t know I had. And I had to buy it completely furnished. I couldn’t afford to buy furniture to fill this place. Are you kidding me?”

But something to me seems fishy. He knew what he was getting himself into when he bought the place and now he’s trying to sell it … in this housing market? I mean, he is some financial genius, right? I’m not tight with Ben Bernanke but I hear it’s a crappy time to sell a house. So, why is he doing it then? Well, maybe because Forbes basically called him a fraud a couple of weeks ago.

In a recent Forbes article, Joshua Lipton writes, “a close look at Dykstra’s portfolio raises doubts about whether the baseball All-Star turned TheStreet.com guru has been picking many of those stocks or relying on a seasoned stand-in.” According to Lipton it appears that Dykstra has actually been making his stock picks based on the “advice” of market strategist Richard Suttmeier. When the magazine compared the buy recommendations of Dykstra on TheStreet.com from April 1- May 1 with those in Suttmeier’s weekly Sector Report, 11 of Dykstra’s 17 picks had earlier appeared in Suttmeiers report. Ooops.

But that’s just one of The Dude’s problems. If you saw him on HBO’s Real Sports earlier this year you saw him hyping his new magazine Players Club which was going to have professional athletes as its target audience. Well, the first issue came out and then … well the second and third are now held up in court as Dykstra takes the magazine’s publisher, Doubledown Media LLC, to court. In May the New York Post reported that freelance writers who had written pieces for the two unpublished issues had yet to be paid. Oh and to make matters worse, Doubledown is countersuing Dykstra for $787,000 and saying he stole the second issue of the magazine. Apparently The Dude does not abide.

But still, where does this house come into play? Well according to the Doubledown’s countersuit “Dykstra appealed to the New York publisher to assist him in raising cash, either by helping him secure a loan collateralized with his new home or by finding a buyer for a promissory note he held against a car wash.” Oh noes!

So, if you’re looking for a place in SoCal I say wait it out a few months. In this market the price is bound to come down soon. I’m thinking $24.5 million at most.

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