Ken Lay's Condo for Sale: $12.8 Million

Condo can be seen by appointment only

Wednesday, Sep 23, 2009  |  Updated 7:49 AM CDT
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Ken Lay's Condo for Sale: $12.8 Million

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HOUSTON - APRIL 13: Former Enron chairman Kenneth Lay leaves the Bob Casey U.S. Courthouse after former CEO Jeff Skilling's fourth day of testimony in their fraud and conspiracy trial April 13, 2006 in Houston, Texas. The prosecution is tentatively scheduled to begin cross examining Skilling on April 17. (Photo by Dave Einsel/Getty Images)

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Three fireplaces. Four bedroom suites. Six elevators. Nine bathrooms.
 
A 12,827-square-foot Houston condominium where disgraced Enron Corp. founder Kenneth Lay lived is on the market for $12.8 million.

  Linda Lay has listed the luxury condo she shared with her husband, on the 33rd floor of a River Oaks complex, until his 2006 death. Tours are by appointment only and the sale is being handled privately by her son from a previous marriage, Beau Herrold, The Houston Chronicle reported.
 
Lay declined to comment on the listing.
 
Kelly Kimberly, a spokeswoman for Lay, said the condominium is the only property the widow still owns and that she is seeking a smaller place.
 
Martha Turner of Martha Turner Properties said properties in the Houston area are selling during the recession, "but when they get in this price range, they don't fly off the shelf."
 
Enron, a once high-flying energy trading company, collapsed in 2001, leaving behind billions in debt and worthless stock.
 
Kenneth Lay was accused of repeatedly lying to investors and employees about Enron while knowing the company's success stemmed from accounting tricks.
 
He was convicted in May 2006 of 10 counts of fraud, conspiracy and lying to banks. Lay, 64, died weeks later of heart disease while vacationing with his wife in Aspen, Colo.
 
His convictions were vacated after his death.

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