San Antonio door manufacturer places lone bid on disgraced lawyer Christ Pettit's home

This 6,500-square-foot home at 555 Argyle Ave. is known as the"Wedding Cake House" due to its tiered design.

The CEO of San Antonio-based door manufacturer Steves & Sons Inc., Edward Galt Steves, placed a $2.3 million bid to buy the 6,500-square-foot property dubbed the “Wedding Cake House," the daily reports. The three-bedroom, four-bathroom home designed by architect Tom Pressley got its nickname due to its multi-tiered design.for nearly $4 million in November 2022. However, the asking price has been lowered six times since then, with its latest set at $2.8 million.

Federal prosecutors charged Pettit with operating a Ponzi-type scheme to defraud affluent and often elderly San Antonio-area residents out of tens of millions of dollars. Last month, Pettit wasSteves, who — along with his brother — runs what some consider Alamo City’s oldest family-owned business, doesn’t yet own Pettit's landmark home. Instead, other parties will have the opportunity to outbid the business owner in $25,000 increments during an auction overseen by the U.S.

Source: News Formal (newsformal.com)

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