Former Federal Reserve Chairman Jerome Powell is back in the news – not because of what he said, but because of what he sold.
The Baltimore Business Journal reports Powell unloaded his 2-acre property on Maryland’s affluent Gibson Island last month for $7.2 million in an off-market transaction. Powell acquired the property in 2006 for $3.86 million.
The property features a 7,155-square-foot waterfront mansion with six bedrooms and eight bathrooms. The grounds overlook the Magothy River and include a waterfront swimming pool, a private pier with a boat lift, and stone terraces. The property’s listing stated, “Graciously scaled rooms provide an ideal balance of formal and informal living, creating spaces equally suited to large-scale entertaining and comfortable daily living.”
Powell and his wife, filmmaker Elissa Leonard, own additional Maryland homes on adjacent Gibson Island and in the Washington, DC suburb of Chevy Chase.
Photo courtesy Gibson Island Real Estate
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