Luxury Homes: September 2008
Ex–Fannie Mae chief Frank Raines lands a $5-million penthouse.
In DC: Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End’s Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler’s pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.
Defense expert Kurt Campbell and his wife, Lael Brainard, bought a six-bedroom, four-bath Arts and Crafts–style house in Chevy Chase DC for $1.8 million. Built in 1909, it has an in-law suite. Campbell is CEO of the Center for a New American Security, which he founded in 2007 with Michèle Flournoy. Campbell and Flournoy were at the Pentagon in the Clinton administration.
Telecom executive Gary Forsee and wife Sherry sold a four-bedroom, four-bath Colonial in Georgetown for $2.8 million. The house has a glass conservatory, carriage house, and two gardens. Forsee, former CEO of Sprint Nextel, is president of the University of Missouri.
Real-estate executive and arts activist Landon Butler bought a five-bedroom, seven-bath Victorian townhouse on Hillyer Place near Dupont Circle for $1.9 million. Built in 1922, the renovated house has a marble entry and five fireplaces. Butler is president of Landon Butler and Company, an investor-relations firm he founded in 1972. He was chair of the Shakespeare Theatre Company from 1999 to 2008.
Lawyer Joseph H. Koonz Jr. paid $1.3 million for a two-bedroom, two-bath condo in the new Chase Point Condominium in Chevy Chase DC; it comes with two parking spaces. Koonz is a founding partner of Koonz, McKenney, Johnson, DePaolis & Lightfoot, a personal-injury law firm.
In Virginia: Broadcast journalist Scott Pelley and his wife, Jane, sold a five-bedroom, seven-bath French Country–style house in McLean for $3.3 million. On five acres, it has a two-story billiard room, library, pool, outdoor fireplace, tennis court, and gazebo. Pelley is a correspondent for CBS News, where he contributes to 60 Minutes.
Former Fairfax schools chief Daniel A. Domenech and his wife, Lorraine, bought a five-bedroom, five-bath Colonial on Foxvale Drive in Oakton for $1.5 million. The house has a two-story foyer, sauna, and three fireplaces. Domenech, who ran the county schools from 1997 to 2004, is executive director of the American Association of School Administrators.
Lobbyist Kevin Fay and wife Nancy sold a six-bedroom, eight-bath Colonial on Wemberly Way in McLean for $3.3 million. On three acres, the house has a two-story foyer and three-car garage. Fay, a specialist on energy and environmental issues, is president of Alcalde & Fay, a lobbying firm in Arlington.
In Maryland: Former Maryland delegate Gareth E. Murray bought a house on Rivers Bend Lane in Potomac for $2.5 million. Murray represented Montgomery County in the House of Delegates from 2003 to 2007 and is now associate pastor at First Baptist Church of Silver Spring.
Some sales information provided by American City Business Leads and Diana Hart of Sotheby’s International Realty.