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Posted at 05:00 AM ET, 11/06/2012

Donahue Peebles puts D.C. mansion on the market but promises to stay in town


R. Donahue Peebles (Nikki Kahn - THE WASHINGTON POST)

Three years ago, homegrown success Donahue Peebles was so consumed with D.C. politics he was on the verge of spending $8 million of his own fortune to run for mayor.

But now the real-estate developer, who spends most of the year with his family in Florida, is selling his Washington mansion.

Pulling up stakes? No, he told us: He’ll keep a footprint in D.C., just a smaller one.

“I still spend a lot of time there,” he said, “just not enough to justify a 10,000-square foot home.”

He bought the Tudor-style mansion sandwiched between Embassy Row and Cleveland Park for $5.9 million in 2007 — and it looked at the time like the perfect launching pad for a powerbroker ready to boost his influence in town.

But instead, after publicly mulling a challenge to then-Mayor Adrian Fenty, Peebles stepped aside. And since then, business interests have caused him to spend more time away from the city. He and his wife Katrina just have one child at home now in Florida; their son is a freshman at Columbia. Not a whole lot of need for the home’s six bedrooms, let alone the gym, wine cellar, expansive terraces, manicured lawns, etc. etc. — you can gawk at all the stupendous real estate porn for yourself at William F. X. Moody and Robert Hryniewicki’s Washington Fine Properties listing. At $6.995 million, it’s one of the ten most expensive homes currently on the market in the District.


The home of Donahue Peebles at 4 Thompson Circle NW, Washington, which the real-estate entrepreneur listed for sale in the fall of 2012. Courtesy of Washington Fine Properties. (Washington Fine Properties)
“I have to have a staff person maintain it,” Peebles said. “It’s not the best use of time.”

But he still has a lot of family here, and he’s still keeping a close eye on city politics — a disappointment, he said, during the scandal-scarred administration of Vincent Gray. So he said he may yet get back involved in city politics — but from the launching pad of a condo he’s looking to buy. “A condo with some history,” he said, “but it’s a condo”.

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By  |  05:00 AM ET, 11/06/2012

 
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