BREAKING: Former Federal Reserve Chair Jerome Powell has sold a waterfront estate on Maryland’s Gibson Island for $7.2 million in an off-market transaction, per Realtorcom
The six-bedroom, eight-bathroom residence spans approximately 7,155 square feet on a 2-acre property overlooking the Magothy River.
Built in 2004, the shingle-style home features water views from its principal rooms, along with a waterfront swimming pool, private pier, boat lift, stone terraces and landscaped grounds.
Powell purchased the property for $3.86 million in 2006, generating a gross increase of approximately $3.34 million, or 87%, over 20 years.
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