PHOTO: Joel Osteen’s $10.5 Million River Oaks Mansion
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PHOTO: Joel Osteen’s $10.5 Million River Oaks Mansion

TwitterThe $10.5 million home Joel and Victoria Osteen reportedly purchased in 2010.

After taking a firestorm of criticism on the internet, preacher Joel Osteen says that his megachurch in Houston has “never” closed its doors to those trying to escape the catastrophic flooding from Hurricane Harvey.

Osteen had been harshly criticized for saying Lakewood Church would be closed due to it being inaccessible. However, social media sleuths went to the church and discovered it wasn’t completely flooded as had been mentioned. Since the negative opinions, though, Osteen and Lakewood have tried to make amends and assist those in need. He announced the church would be opening as a shelter once others become full.

“We have never closed our doors,” Osteen’s statement said. “We will continue to be a distribution center for those in need. We are prepared to house people once shelters reach capacity. Lakewood will be a value to the community in the aftermath of this storm in helping our fellow citizens rebuild their lives.”

The official announcement that it’s open to people who need shelter was made August 29 via Twitter.

The church seats 16,000 people and once served as the home arena for the Houston Rockets from 1975 to 2003. The church purchased the building, the Compaq Arena, for $7.5 million in 2003. It underwent extensive renovations that cost over $100 million to get the building where it is today.

Osteen appeared on CNN on Wednesday to explain his reasoning for the backlash. He said he wasn’t entirely sure “how this notion got started that we’re not a shelter and we’re not taking people.”

“There was a time, (CNN host) Chris (Cuomo), that the place was flooded,” Osteen said during the interview. “There was a safety issue the first day or two. … We would never put people in here until we know that it’s safe, and it was not safe those days, let me tell you.”

Osteen’s net worth is around $40 million, and his wife of 30 years, Victoria, is a co-preacher at Lakewood. The couple have two grown children who are known to perform actively in services at the church.

In 2010, the Osteen family moved from their home in Tanglewood, which was valued at $2.9 million, to a $10.5 million mansion in River Oaks, Culture Map reported.

The River Oaks home is a 17,000-square-foot stone mansion in the Tall Timbers subdivision. It’s located on 1.86 acres of land and reportedly had six bedrooms, six bathrooms, three elevators and five fireplaces when it was purchased. It also had a one-bedroom guest house along with a pool house. When the couple purchased the home, they had to pay $260,000 in property taxes for the year.

Here is a Google Maps view of the view outside of the River Oaks home:

The outside view of Joel Osteen’s $10.5 million home.

You can see other photos of the home here.

Harvey was a Category 4 hurricane that ravaged the Houston area when it made landfall August 25. It caused massive chaos in the city and dumped well over 50 inches of rainfall, a United States record. At least 38 people have died as a direct result of the massive storm thus far, and hundreds of thousands more have been displaced from their homes and forced to temporary shelters.

As of August 31, the U.S. Coast Guard said it’s rescued over 6,000 people and over 1,000 pets from the catastrophic floodwaters and brought them to safety.


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Late in the afternoon of the 28th I was picking up donations collected by neighbors/friends. I drove by the Lakewood Church “area” on 3 separate occasions in a car (no truck or SUV) & I had no problems getting around Lakewood. I had to go slower than usual & it took longer than it usually would have, but I did it w/out incident. Versus driving back to the GRB (a 3rd time), I stopped @ Lakewood assuming they were open & if they would accept donations for the flood victims sheltering there (Mea Culpa, I assumed they were sheltering people). I was turned away & told they were not open for donations or flood victims. The area around the church, that I could see, was accessible & not flooded.
Mr. Osteen, many people in Houston (& other cities questioning the situation) would’ve felt better if A) You had just been honest & said “I was wrong. I made a mistake & I apologize”. B) You said “We were waiting until the other shelters were full & we were called upon”. Why on earth would you wait until your fellow man was crammed into another shelter before opening your doors? C) Don’t back pedal. You said “our doors were “always open”, then you said “the 1st floor flooded & we had to wait until it was safe.” And, you said “I was waiting until the shelters were full……”. Which was it?
His T.V. interview(s) showed him in a very poor light…at best. I could barely watch the interview for all of the incessant blinking. I counted 20 eye blinks in 1 min alone. He smiled the whole time but his eye muscles never seemed to engage…Botox?
On a brighter note: The staff & volunteers at the GRB (& other shelters) were amazing & although many of them had never been to the GRB, one way or another, they made it work. Even w/ the GRB @ capacity, the “powers that be” found a way to provide food, shelter, security & as much comfort emotionally as possible for everyone.
I’m NOT judging ANYONE, I only know what I saw & what happened when I went there.

Maryann Coberly

The Tanglewood house is owned by Joel and Victoria Osteen according to Harris County Appraisal District records. The River Oaks home is technically owned by the Covenant Trust, which means the Osteens do not qualify for a homestead exemption on it. They will pay around $260,000 in property taxes on the new home this year.

“The homestead exemption would reduce that amount, but they probably put the ownership in a trust for federal tax purposes that outweigh the benefits of the property tax exemption,” surmised a home appraisal specialist who asked not to be identified.

According to reports, Osteen hasn’t drawn a salary from the church since 2005. His income comes from best-selling books and related products, such as calendars, daybooks, and inspirational pamphlets.

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