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Marwood Estate Gets New Owner in Luxury “House Swap”

January 9, 2011  |  by John Heithaus

Former AOL executive Ted Leonsis, owner of the NBA’s Washington Wizards and the NHL’s Washington Capitals, has paid $20 million for Marwood, a historic 13-acre estate in Potomac, Md.

Mr. Leonsis bought with his wife, Lynn. The sellers, telecommunications executive Chris Rogers and his wife, Nalini, also bought the Leonsis family’s McLean, Va., home for $9 million. The new Leonsis estate, above, once the home of Joseph P. Kennedy, is a 1926 20,000-square-foot chateau-style riverfront mansion. There’s a gate house, pool and pool house.

Photos

Anice Hoachlander Marwood estate.

The new Rogers home is an approximately 20,000-square-foot mansion with eight bedrooms and 11 full baths. Mark McFadden of Washington Fine Properties represented the Leonsis family in both deals and represented the Rogers family in its purchase of the McLean home. Marc Fleisher of Long & Foster Real Estate represented the Rogers family in the sale of Marwood, which wasn’t on the market.

source: Wall Street Journal

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