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Luxury Home Sales: Bye-Bye, Arlington
Comments () | Published May 31, 2012
Nelson and Margery Cunningham sold a Georgetown rowhouse for $3.3 million. Photograph by Marlon Crutchfield.

Lawyer and businessman Lester “Ruff” Fant sold a four-bedroom, five-bath Colonial on 28th Street in Georgetown for $3 million. The 5,000-square-foot house has an elevator and catering kitchen. Fant is founder of TowPath Renewables, a finance company that invests in renewable-energy products.

Entrepreneur and nonprofit executive Jo Ousterhout and her husband, Jeffrey Fergus, bought a six-bedroom, six-bath Victorian on Kalorama Road in Kalorama for $2.3 million. Built in 1900, the house has rooftop views of Washington National Cathedral. Ousterhout, a onetime Wall Street executive, is a founding partner of Metta Journeys, a nonprofit that partners with and sends donors to organizations around the world.

Three condos sold recently in Georgetown’s 3303 Water Street building:

Business executive Gail Bassin bought a two-bedroom, three-bath for $2.2 million. The 2,500-square-foot corner unit has floor-to-ceiling windows with views of the C&O Canal and the Potomac River; the condo fee is $3,000 a month. Bassin is co-CEO of Bethesda-based JBS International, which provides management and IT services to government customers and the private sector.

National Endowment for the Arts chairman Rocco Landesman and his wife, Debby, bought a two-bedroom, three-bath condo in the same building for $1.9 million. The 1,900-square-foot unit has floor-to-ceiling windows and views of the C&O Canal; the condo fee is $2,270 a month. A former Broadway producer, Landesman has led the NEA since 2009.

Also at 3303 Water Street, finance executive Charles O. Holliday Jr. sold a two-bedroom, three-bath unit for $1.8 million; the monthly condo fee is $2,300. The building has a rooftop pool, three roof decks, and a gym. A former CEO of DuPont, Holliday is chairman of Bank of America.

Lawyer Robert Plesnarski bought a five-bedroom, six-bath Tudor-style home on Woodway Lane in Spring Valley for $1.8 million. The house has a library and a breakfast nook. Plesnarski is a partner in the DC office of O’Melveny & Myers.

Top divorce lawyer Sanford Ain and his wife, Miriam, sold a four-bedroom, four-bath Colonial on Ellicott Terrace in Forest Hills for $1.6 million. Ain is a principal and cofounder of Ain & Bank, a family-law firm based in Washington. He has represented many high-profile and wealthy clients, including businessmen Herbert Haft and Steven Rales and BET cofounder Sheila Johnson.

In Maryland

Billionaire Mitchell Rales’s Glenstone Foundation bought two homes on Three Sisters Road in Potomac for $2.2 million each. Rales runs a museum, Glenstone, on his sprawling Potomac property to showcase his private art collection. These two houses abut his property, assessed for more than $12 million. Rales is cofounder of the manufacturing and technology company Danaher; according to Forbes, he has a net worth of $3.7 billion.

Hematologist/oncologist Harminder Sethi bought a seven-bedroom, ten-bath Colonial in Potomac for $3.7 million. The house, which was on the market more than two years, has a bifurcated marble staircase, a home theater, and a four-car garage. Sethi works at Providence Hospital.

Hematologist/oncologist Harminder Sethi spent $3.7 million on a Potomac Colonial. Photograph by Marlon Crutchfield.

Some sales information provided by American City Business Leads and Diana Hart of TTR Sotheby’s International Realty.

This article appears in the June 2012 issue of The Washingtonian.


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Posted at 10:20 AM/ET, 05/31/2012 RSS | Print | Permalink | Comments () | Articles