The Planks purchased the sprawling home at 1405 34th St. Northwest for about $7.85 million in 2013 and invested in a significant renovation of the brick federal-style property.
“The Planks loved the history of this beautiful home,” said Tom Geddes, CEO of Plank Industries, Plank’s private investment company, in a statement. “While the property in D.C. 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 realized they weren’t using it as often as they had hoped and have decided to sell the property.”
The Planks hired designer Patrick Sutton of Baltimore and Pyramid Builders of Annapolis to renovate the historic home, built about 200 years ago, with modern amenities.
The roughly 12,000-square-foot home is listed by Washington Fine Properties.
According to a report in The Wall Street Journal, the Planks added an underground entertainment room with a wine and whiskey cellar and an 11-ton staircase to the property. The home’s seven bedrooms were designed in honor of American politicians, including George Washington.
There’s also a gym building, a heated lap pool and parking for several cars on the 1/3-acre property, according to the Journal.
Plank has long connections to Georgetown, having founded Under Armour in the basement of his grandmother’s row home there. He grew up in the Maryland suburbs of D.C. and attended Georgetown Preparatory School in Bethesda, St. John’s College High School in D.C., and the University of Maryland.
Plank lives outside Baltimore where he is building a home in the Greenspring Valley and also owns Sagamore Farm.
The Georgetown home was built after the War of 1812 ended. It’s known as the Ambassador Bruce House, after the distinguished post-World War II U.S. diplomat David K.E. Bruce.