The sports bettor Billy Walters is hoping that his luck will turn around with his real estate. He’s placed his massive mansion in Carlsbad, CA, on the market for an equally large sum: $26,950,000.
The San Diego-area home was where the prodigious wagerer was originally serving out the remainder of a five-year prison sentence. Walters was convicted in 2017, on conspiracy, securities fraud, and wire fraud related to insider stock trading.
Walters, 74, was recently released from prison and must serve the remainder of his sentence under home confinement.
The massive oceanfront estate has come on and off the market since 2011, when it featured a $29 million price tag.
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