Mitchell Rales Buys Another House in Potomac
The billionaire spent $2 million on the home of former basketball star Gheorghe Muresan.
Billionaire Mitchell Rales paid retired Washington Bullets star Gheorghe Muresan $2 million for a four-bedroom, four-bath home on Glen Road in Potomac. Over the past few years, Rales has been gradually buying up properties near his sprawling Potomac mansion, which is assessed for just over $13 million and includes a main house, a lake, and an appointment-only art museum called Glenwood.
Muresan’s former home is adjacent to three other properties Rales has recently bought, all on Potomac’s Three Sisters Road. Muresan originally listed the home for $2,425,000 in September 2012, but it was withdrawn from the market last December. According to that listing, the gated farmhouse sits on two and a half acres and has several amenities that would befit someone of Muresan’s size (he’s 7-foot-7): a two-story foyer, a kitchen with a cathedral ceiling, and an “oversize” granite center island.
What does Rales, the cofounder of the manufacturing and technology company Danaher and a notoriously private man, plan to do with all these houses? We can only guess that this is part of his plan, announced in 2012, to transform Glenstone into a museum the size of the National Gallery’s East Building. One thing is certain: Laying out $2 million is nothing for Rales, who Forbes estimates is worth $3.4 billion.
See also: Buying Up the Block