News & Politics

Luxury Homes: June 2005

Developer and Capitals co-owner Mark Lerner sells for $5.2 million in Potomac. Ex-Bush aide Peter Teeley buys for $3.5 million in Bethesda.

IN MARYLAND: Real-estate developer Mark D. Lerner sold a 16,000-square-foot home on Iron Gate Road in Potomac for $5,200,000. The eight-bedroom house listed for $5,950,000 and sits on two acres with a tennis court. Lerner is an owner of the Washington Capitals and a principal of Lerner Enterprises, a real-estate development company founded by his father, Ted Lerner.

IN VIRGINIA: Lobbyist James P. Fabiani and his wife, Barbara, sold a six-bedroom brick Colonial on Basil Road in McLean for $2,670,000. The house, which listed for $3 million, has a pool, wine cooler, breakfast bar in the master bedroom, exercise room, and acre lot. Fabiani was chairman of Cassidy & Associates before founding Fabiani & Company, a DC government-relations firm.

Political guru Doug Bailey and his wife, Patricia, a lawyer, bought a two-bedroom condo on Nash Street in Rosslyn for $850,000. The condo has 13-foot ceilings with wall-to-wall windows overlooking DC. Bailey is founder of Hotline, a political newsletter, and was a media consultant to President Gerald Ford.

IN DC: News anchor Tracey D. Neale bought a three-bedroom brick townhouse on N Street in Georgetown for $935,000. The Federal townhouse, which was built in 1880, listed for $995,000 and has four fireplaces. In August, she bought a three-bedroom townhouse nearby on 33rd Street for $760,000. Neale anchors the 6 and 11 o'clock news at Channel 9.

Former US senator Ernest F. Hollings and his wife, Rita, sold a four-bedroom home on Macomb Street in Cleveland Park for $1,100,000. After 38 years representing South Carolina in the Senate, Hollings stepped down in January. He is returning to Charleston to lecture at the Charleston School of Law and raise money for the University of South Carolina's Hollings Cancer Center.