Former Under Armour CEO Kevin Plank just sold his Washington, DC, mansion for $17 million — 60% of its 2018 asking price. Take a look inside.

Getty/Ethan Miller and Homevisit
    • Former Under Armour CEO Kevin Plank has sold his historic Washington, DC, mansion for $US17.25 million, Katherine Clarke reported for the Wall Street Journal.
    • The final price is just under 60% of its 2018 asking price of $US29.5 million.
    • Plank bought the mansion for $US7.85 million in 2013 and put it on the market in 2018.
    • Here’s a look inside the 200-year-old home, which has seven bedrooms and comes with a lap pool.
    • Visit Business Insider’s homepage for more stories.

Former Under Armour CEO Kevin Plank has sold his 12,200-square-foot Georgetown mansion for $US17.25 million, Katherine Clarke reported for the Wall Street Journal.

Plank purchased the home for $US7.85 million in 2013 and listed it for $US29.5 million in 2018, according to the Journal’s Candace Taylor. He stepped down as Under Armour CEO in October 2019, just weeks before the company made headlines over the federal investigation of its accounting practices. Plank now serves as Under Armour’s executive chairman and brand chief.

There are seven bedrooms, plus a lap pool, a separate building with gym equipment, and a gated parking area for several cars.

“While the property in DC was never meant to be the family’s primary residence, they wanted to use the home to host friends, family and guests. Following a major renovation, the Planks realised they weren’t using it as often as they had hoped and have decided to sell the property,” Tom Geddes, former CEO of Plank Industries, told Business Insider in February 2018.

Plank primarily lives outside of Baltimore, where Under Armour is headquartered, he told the Journal in 2018.

Michael Rankin of TTR Sotheby’s International Realty and Lydia Travelstead of Monument Sotheby’s International Realty held the listing, and Mr. Rankin represented the buyer, Clarke reported.


Plank’s home is an example of classic brick in the Georgetown section of DC. Its historic good looks are immediately visible curbside.

Homevisit

Source: The Wall Street Journal


Plank extensively renovated the home. One of the most notable additions is this 22,000-pound marble staircase.

Homevisit

Source: The Wall Street Journal


Each bedroom is decorated in accordance with a famous American political figure. For example, the master bedroom is called The George Washington Suite and has a portrait of America’s first president.

Matt Ryb

Source: The Wall Street Journal


Plank also added an extra entertainment room in the basement.

Matt Ryb

Source: The Wall Street Journal


There’s a basement area for storing wine and whiskey.

Homevisit

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