Under Armour Founder Parts Ways with Washington, D.C. Mansion for $17.25M
Under Armour founder Kevin Plank has at last unloaded his historic Washington D.C. home, with an unknown buyer scooping the property up for a steal. The Federal-style house first appeared on the market quietly in 2018, then asking $29.5 million according to Mansion Global. After two years of listless listing, Plank parted ways with the property for $17.25 million.
Despite the price drop, Plank and his wife likely did not take too much of a loss on the sale. The billionaire couple purchased the property in 2013 for just $7.85 million before undertaking an extensive renovation. Amongst their additions is a 22,000-pound marble staircase and an underground entertainment complex, complete with a wine and whiskey cellar and a wet bar.
For all of the newness, the home still exudes all of the old-school elegance of the surrounding neighborhood. Sitting in historic Georgetown, an area steeped in intellect and culture, the brick home dates back about 200 years. The 12,200-square-foot floor plan, which is a workout in itself, encompasses seven bedrooms. Fitting for the owner of an athletics company, the property boasts its own gym, as well as a heated lap pool.