Ted Leonsis Is Potomac's Latest Celebrity Resident

Washington Caps and Wizards team owner and pioneering AOL exec moves into famed Marwood Estate.

Potomac's newest celebrity resident and neighbor is media mogul and former AOL executive Ted Leonsis, owner of Washington sports teams the NBA's Washington Wizards and NHL's Washington Capitals

Leonsis and his family have moved into Potomac's famed Marwood Estate, following a swap/sale of luxury homes earlier this year with Chris Rogers, a telecommunications executive best known for founding Nextel. An official with Leonsis' Monumental Sports and Entertainment confirmed that he is now living in the Potomac house.

Leonsis traded his McLean mansion just off Georgetown Pike for Rogers’ (now former) home, Marwood, which sits on 13 acres overlooking the Potomac River. Leonsis has not said how much was paid for the estate; however, Rogers paid $9 million for Leonsis' 10,000-square foot house in McLean, according to a . Leonsis blogged about the deal back in early January, as reported by Potomac Patch.

The Marwood Estate itself has an amazing history. The chateau-like structure was built back in 1931 during the depths of the Great Depression. It has served as a rental home for Franklin Delano Roosevelt as well as for John F. Kennedy's parents, Joseph and Rose Kennedy, when "Joe" Kennedy was serving as first Chairman of the Securities & Exchange Commission in the New Deal era.

Marwood has 11 bedrooms, 11 bathrooms, three floors and "stunning" views of the Potomac River. The estate was renovated earlier this year prior to Leonsis' arrival, reportedly adding an underground parking garage, among other changes.

Leonsis' story is amazing in its own right, as internet pioneer, sports team owner and even filmmaker, among other accomplishments. This writer met him first back in the early 1980's when he was publicizing a book he had written about IBM.

Expect to hear and read more about Leonsis, Potomac's newest neighbor.


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