Sunday, April 15, 2007

Subprime mortages are welcomed...

Lobbyist hopes to make a[nother] million

April 15, 2007

Austin American-Statesman
Copyright 2007

High-profile Austin lobbyist Dan Shelley is trying to sell his Pemberton Heights house for $2.9 million, according to various real estate Web sites. The asking price is nearly $1 million more than he paid for it in 2003.

The house on Wooldridge Drive has a history of appreciating quickly. Shelley bought it from Lt. Gov. David Dewhurst for $1 million more than Dewhurst paid for it in 1998. Dewhurst and his ex-wife, Tammy, reportedly paid about $900,000, but the couple divorced in 2001 and never lived in it.

Shelley, a former legislative liaison for Gov. Rick Perry, works for Cintra-Zachry, the Spanish company that won the rights to develop the state's $7 billion Trans-Texas Corridor toll road project.

The two-story house, built in 1936, has four bedrooms, four bathrooms and one half-bath. It also has more than 5,200 square feet, a tile roof and a courtyard.

© 2007 Austin American-Statesman: www.

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