The Thousand Oaks estate that former ballplayer Lenny Dykstra lost to foreclosure last month has returned to the Multiple Listing Service priced at $10.5 million.
The lavish property, once listed by Dykstra at $25 million, was marketed at $9.999 million before its purchase by Index Investors on the steps of the Ventura County courthouse.
Index Investors' winning bid of $760,712 does not reflect additional amounts owed for missed payments, taxes and the $12-million first loan held by JPMorgan Chase & Co. Jeff Smith of Index Investors, a development firm, has declined to reveal the exact purchase price, citing a nondisclosure agreement.
Work is underway to restore the 61/2-acre compound that Dykstra bought in 2007 from hockey great Wayne Gretzky, Smith said.
"The pool is blue and beautiful, the fountains work and the remote control for the gates work," he said.
Smith is re-sodding all the lawns at the cost of about $100,000. "Wayne had put about $1 million to $1.5 million into the landscaping and hard-scaping," he said.