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Steve Case’s Merrywood Estate Purchased By Saudi Arabia For $43 Million

by UrbanTurf Staff

Steve Case's Merrywood Estate Purchased By Saudi Arabia For $43 Million: Figure 1
Merrywood

AOL just keeps making its way back into DC area real estate headlines. 

A week after the estate of AOL co-founder James Kimsey was listed for almost $63 million, Steve Case's Merrywood estate in McLean, Virginia has a new owner. The home, listed for $49.5 million, sold to the government of Saudi Arabia for $43 million last week, according to The Wall Street Journal. Merrywood was co-listed by Mark Lowham of TTR Sotheby’s International Realty and Juliana May of JLL. Monica Boyd of Coldwell Banker represented the buyer. 

Steve Case's Merrywood Estate Purchased By Saudi Arabia For $43 Million: Figure 2

Case and his wife purchased the 23,000 square-foot estate, which sits on seven acres along the Potomac River, for $24.5 million in 2005. The nine-bedroom estate has the trappings that one would expect of a house that carries a price tag just south of $50 million. There are formal gardens, an outdoor swimming pool and an indoor lap pool, a tennis court, a wine cellar and a gym. An elevator goes to all four levels of the home. The master suite has two dressing rooms, a study and an exercise room.

Steve Case's Merrywood Estate Purchased By Saudi Arabia For $43 Million: Figure 3

Case is not the only bold-faced name to have called Merrywood home. Jackie Kennedy lived at Merrywood as a child after her mother married Standard Oil heir Hugh D. Auchincloss Jr. who owned the estate in the mid 20th century.

Steve Case's Merrywood Estate Purchased By Saudi Arabia For $43 Million: Figure 4

 

See other articles related to: steve case, merrywood, luxury real estate mclean, aol

This article originally published at http://dc.urbanturf.com/articles/blog/steve-cases-merrywood-estate-purchased-by-saudi-arabia-for-43-million/14049

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