Disgraced San Antonio lawyer Chris Pettit’s mansion Although it technically went on the market in late 2022, this historic San Antonio mansion in the Olmos Basin has remained for sale throughout 2023. The 6,500-square foot property was once the residence of former attorney Christopher “Chris” Pettit, who pleaded guilty to federal wire fraud and money laundering charges in October. Late last year, in the midst of Pettit’s legal woes, the home went on the market for just under $4 million, but its price has since been slashed to just under $3 million. Credit: Realtor.com

A bankruptcy judge on Monday signed off on the $2.3 million sale of disgraced former attorney Chis Pettit’s Alamo Heights mansion to a local businessman, the Express-News reports.

Chief U.S. Bankruptcy Judge Craig Gargotta approved a bid by Edward Galt Steves, CEO of door manufacturer Steves & Sons Inc., on the 6,500-square-foot property, according to the daily.

Steves’ offer was the sole bid on the distinctive multi-level home, which sat vacant for nearly 15 months. It was initially listed for $4 million in 2022, and the asking price eventually dropped to $2.8 million, according to Zillow.

Federal prosecutors charged Pettit with operating a Ponzi-type scheme to defraud affluent and elderly San Antonio-area residents out of tens of millions of dollars. Last month, he was sentenced to 50 years in federal prison.

The sale of Pettit’s home, nicknamed the “Wedding Cake” due to its unique tiered design, marks the final sale of the one-time attorney’s vast array of real estate assets. The selloff began after his law firm, Chris Pettit & Associates, filed for bankruptcy in 2022.

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This article appears in Mar 20 – Apr 2, 2024.

Michael Karlis is a multimedia journalist at the San Antonio Current, whose coverage in print and on social media focuses on local and state politics. He is a graduate of American University in Washington,...