Kevin Plank, the founder of Under Armour, has finally unloaded his Georgetown mansion—but only after slashing more than 40 percent off its original listing price, according to Washington Business Journal.
Plank first listed the eight-bedroom, eight-bathroom property for $29.5 million in 2018, making it the most expensive home-for-sale in the DMV. But according to Washington Business Journal, it recently sold to an unnamed buyer for $17.25 million—that’s a price reduction of 42 percent.
Last year, Washingtonian chronicled the house’s recent history: Plank bought the house for $7.85 million, added a 22,000-pound marble grand staircase, and knocked millions off the price after it spent a year on the market. The property includes 14 bathrooms, a whiskey cellar, and 34-foot ballroom.
Luke Mullins is a senior writer at Washingtonian magazine focusing on the people and institutions that control the city’s levers of power. He has written about the Koch Brothers’ attempt to take over The Cato Institute, David Gregory’s ouster as moderator of NBC’s Meet the Press, the collapse of Washington’s Metro system, and the conflict that split apart the founders of Politico.
