The cops say not so much. Kevin Plank says his parents didn’t set up car pools; the boys either walked to friends’ homes or activities or got their own rides. Last year, Washingtonian chronicled the house’s recent history: Plank bought the house for $7.85 million, added a 22,000-pound marble grand staircase, and knocked millions off the price after it spent a year on the market. Kevin Plank, the founder of Under Armour, has finally unloaded his Georgetown mansion—but only after slashing more than 40 percent off its original listing price, according to Washington Business Journal. He owns a nearly 16% stake of Under Armour. Now, that home is a little more affordable. Former Under Armour CEO Kevin Plank (Photo by Allison Joyce/Getty Images) Getty Images. washingtonian.com PHOTOS: The Most Expensive Homes Sold in Washington in 2020 | Washingtonian (DC) Last week, the listing price for the home was reduced by $5 million to $24.5 million. Under Armour names Chief Operating Officer Patrik Frisk to replace Kevin Plank as CEO, effective Jan. 1. Plank found that his family was not using the property, which was never their primary residence, as much as he had anticipated. Plank paid in the vicinity of $8 million for the sprawling house at 1405 34th Street, Northwest, according to a well-connected source. Real Estate Kevin Plank's Georgetown Mansion Selling For $24.5M: Reports Under Armour CEO Kevin Plank is selling his $24.5M Georgetown … Plank is one of the young businessmen in the earth who has the vision to give something new to athletes and sport… Kevin Plank says his parents didn’t set up car pools; the boys either walked to friends’ homes or activities or got their own rides. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. Plank had been building a mansion outside Baltimore in the Greenspring Valley, but halted construction on it last year. This story first appeared in the December 5, 2016 issue of WWD. But according to Washington Business Journal, it recently sold to an unnamed buyer for $17.25 million—that’s a price reduction of 42 percent. Luke Mullins is a senior writer at Washingtonian magazine focusing on the people and institutions that control the city’s levers of power. Plank has a vast fortune and massive real estate portfolio that could be broken up should he and his wife split. He has many luxury cars in his garage, including Jeep, Land Rover Defender, Mercedes, and Hummer, etc. Plank has a vast fortune and massive real estate portfolio that could be broken up should he and his wife split. Photograph courtesy of HomeVisit. He is the owner of the Georgetown Mansion in Washington, DC, the USA worth $7.8 Million. Kevin Plank thinks big. He has experience and knowledge in a number of practice areas, including corporate and business, elder law, estate planning, trusts and probate, and real estate law. Some would consider Plank’s budding estate a dream house, part of a national trend where the hyper-rich are building colossal mansions that make a statement. Other speakers included Pendry Hotels co-founders Alan and Michael Fuerstman and hotel general manager David Hoffman. But according to … Eventually, he lowered the price to $24.5 million before settling with buyers in June 2020. He's just spent almost $1 billion to get into an entirely new business. Back in 2012, the future looked rosy to Under Armour CEO Kevin Plank. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. Under Armour CEO Kevin Plank speaking at an event in New York in October. Before a crowd of nearly 800 Economic Club members and guests, Kevin Plank, Founder, CEO and Chairman of the Board, Under Armour, discussed with David Rubenstein his company's role in the evolution of the sports apparel and equipment industry.Plank mentioned his original goal of the company, which was to create a product that athletes could wear for better performance, and how that … Kevin Plank is founder and CEO of Under Armour.He is leveraging his considerable fortune in athletic wear for a foray into real estate development — starting with a … The Wall Street Journal published an article about the estate’s sale but included few details due to a non-disclosure agreement. . Under Armour founder Kevin Plank is selling his 43-acre Westport property on the Middle Branch — and developer Patrick Turner is considering a bid to buy it back. A company controlled by Under Armour’s CEO has applied to the state to clean up a 43-acre tract it owns along the Middle Branch waterfront. Plank founded the company in 1996, working … Plank first listed the eight-bedroom, eight-bathroom property for $29.5 million in 2018, making it the most expensive home-for-sale in the DMV. Baltimore Sun editor Chris Dinsmore contributed to this article. Plank has a vast fortune and massive real estate portfolio that could be broken up should he and his wife split. The property includes 14 bathrooms, a whiskey cellar, and 34-foot ballroom. Kevin Plank, Under Armour’s charismatic founder and recently departed CEO, and his wife Desiree (née Guerzon) have finally unloaded their sophisticated Washington, D.C. home — albeit with a steep price concession. Under Armour CEO Kevin Plank is selling his 12,000-square-foot home in the Georgetown neighborhood of Washington, D.C. for $29.5 million. 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