Ted Leonsis Swaps Homes in Great Deal
Leonsis, who has held several executive positions at AOL and is also a bestselling author, blogged on Monday that he has purchased the famous Marwood Estate in Potomac, MD. The sports titan didn't say how much he paid for Marwood, but he did mention that he acquired the riverfront mansion in a swap: He purchased it from telecom executive Chris Rogers and his wife, Nalini, who in turn bought the home owned by Leonsis in McLean, VA.
Leonsis has been a busy seller: In 2010, he also sold his home in Vero Beach, Fla.
Writes Leonsis in his blog about his new home, "My wife Lynn and I are very excited to be moving into such a significant local home on the river front here in the DC area and we promise to respect the tradition and history of this estate."
Marwood has a storied history: It was built to resemble the Palace "Malmaison," which was built outside Paris by Napoleon for the French Empress Josephine. Previous residents include former President Franklin D. Roosevelt, Joseph Kennedy and the cousins of Al Gore. Marwood was sold in 2005 for $4.9 million, the Washington Postreports.
The massive historic estate, which is located on more than 13 acres in Potomac, was built in 1926 and contains
In 2009, the median estimated value of a home in Potomac was $802,892, according to city-data.com.
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