Under Armour founder Kevin Plank’s Georgetown home has sold for $17.25 million — well under its initial asking price.
The University of Maryland alumnus and his wife, DJ Plank, first put the sprawling, 12,000-square-foot home on the market in 2018 for $29.5 million, the most expensive listing in Washington at the time. It was later relisted for $24.5 million.
The brick federal-style property, which includes a pool, gym and ample parking — considered something of a rarity in Georgetown — underwent extensive renovations per the Plank family. The couple purchased the property at 1405 34th St. Northwest for about $7.85 million in 2013. It has eight bedrooms, eight full baths and four half-baths, on a third of an acre of land.
In a statement previously sent to The Baltimore Sun, Tom Geddes, a family representative, said the family did not use the Georgetown home as much as anticipated. He said Baltimore and Annapolis-based designers Patrick Suttion and Pyramid Builders helped modernize the more than 200-year-old property.
Plank, who started the moisture-wicking apparel company in his grandmother’s rowhome in the same posh Washington neighborhood, stepped down as Under Armour’s CEO in October amid declining sales and lagging demand for the brand. He remains a part of the company as its “brand chief.”
Plank and his wife currently live in Baltimore County, according to public records. Work halted on his Greenspring mansion in 2018, around the same time he first put the Georgetown home up for sale.
The new owner is listed as Toni L. Briggs, a CPA and trustee. The sale was finalized on June 15.