After a less-than-stellar record, Reich was fired as head coach of the Indianapolis Colts in November and he immediately listed his local home for $1.9 million.
Unfortunately, he had to settle for much less - $687,500 for the five-bedroom, six-bathroom property.
He bought the place in 2018 for $1.25 million, so this sale has cost him dearly.
There is, however, a silver lining. Reich was just drafted by the Carolina Panthers to be their new head coach, which means he will undoubtedly be looking for a house in the Charlotte, North Carolina area.
The Indianapolis house has 7,848 square feet of style.
It features a chic white palette and huge great room windows.
Built-in remote controlled window shades provide privacy in this space and the property is also fenced for quiet walks around the half acre lot.
The great room also features accordion style doors that lead outside to the patio and pool, which have been upgraded with a concrete surround.
More entertaining space can be found in the lower level with a games room and home gym.
The master bedroom has two walk-in wardrobes, a fireplace and a gorgeous bathroom.
Lake will find himself familiar with the Panthers, as he played for them in their first year of existence in 1995.
Reich also played for the Buffalo Bills, and he won the 2017 Super Bowl while serving as the offensive coordinator for the Philadelphia Eagles.