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Posted at 12:00 AM ET, 01/ 4/2011

Surreal Estate: Ted Leonsis buys lavish Potomac estate

By The Reliable Source

Marwood Estate, 2004. (Bob Narod)

(John McDonnell/TWP)

Buyer: Ted and Lynn Leonsis

Price: $$$$$$$

Details: Marwood, a 1926 chateau-style mansion on 13 acres of Potomac, Md., riverfront, was once a home to Al Gore's cousins; before that, a summer rental for FDR and the family of Joe Kennedy. Now it's about to become home for the owner of the Wizards and Caps. Leonsis, who announced the purchase on his blog Monday, wouldn't tell us how much he paid -- but the property last sold in 2005 for $4.9 million and was recently assessed after an extensive renovation and landscaping at $8 million, records show. Comes with gatehouse, pool and pool house, 10-car garage, new tennis court. In an unusual twist, the Leonsises just sold their eight-bedroom McLean home of 10 years to the same couple that sold them Marwood -- telecom exec Chris Rogers and his wife, Nalini. Why the swap? Leonsis said they just sold their place in Vero Beach, Fla., and really wanted a spot on the water; they found Marwood's history "romantic and compelling."

By The Reliable Source  | January 4, 2011; 12:00 AM ET
Categories:  Surreal Estate  
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Posted by: luzworley | January 4, 2011 1:58 AM | Report abuse

Nice spam on the other comment. Way to get beat on details by the wall street journal. he paid $20 million doesn't make sense to me, but he is a much smarter man than myself

Posted by: cyberjaphe | January 6, 2011 9:07 PM | Report abuse

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