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.
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.
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.
This article originally published at http://dc.urbanturf.com/articles/blog/steve-cases-merrywood-estate-purchased-by-saudi-arabia-for-43-million/14049
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »
A look around DC to find the most equity-rich neighborhoods.... read »
Developments both big and small are continuing to churn throughout the Anacostia area... read »
The National Capital Planning Commission will consider approval of the final master p... read »
Our guide for amateur landlords who don't really know what they're doing.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
When you buy a home in the District, you will have to pay property taxes along with y... read »
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
Brookfield Properties is moving forward with development plans for additional sites i... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro