The Washington, D.C., home owned by the founder and CEO of sportswear brand Under Armour has a new, slimmed down price of $24.5 million.
Kevin Plank, who founded the company in 1996, first listed the property in February 2018 for $29.5 million, according to The Wall Street Journal. It’s not clear when or if the home was taken off the market, but its new asking price has been in place since last week.
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Despite the price cut, the property remains the most expensive on the market currently in Washington, D.C., according to listing records.
Built in 1810, the Georgetown residence was bought by Mr. Plank, 47, in 2013 for $7.85 million. He used a limited liability company for the purchase, records with PropertyShark show.
After the acquisition, the home was extensively redesigned and rebuilt in a way that was respectful of its history, according to the listing with Sotheby’s International Realty. A representative for the brokerage did not immediately respond to a request for comment.
The home spans more than 12,000 square feet and has original details paired with modern design.
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Some stand-out features include the staircase, constructed using 22,000 pounds of Vermont Olympian White Danby marble, the same material used for the Jefferson Memorial, according to the listing.
There is also a ballroom, which was added to the property in 1960, and retained for entertaining, plus a media room on the lower level of the home—which was completely excavated as part of the recent renovation—designed to “evoke the feeling of a Prohibition Era speakeasy of the 1920s,” the listing said.
Each of the seven upstairs bedrooms are dedicated to various U.S. presidents, including John F. Kennedy, Thomas Jefferson and Dwight Eisenhower, and there is also a whiskey and cigar room, a private in-law or staff apartment, a detached gym and a heated lap pool.
A representative for Under Armour did not immediately respond to a request for comment.
The Baltimore Sun first reported the listing.