Washington Fine Properties Sells Home of Former US Fed Chairman for $7.95M

Posted by Lauren Hakim — October 7, 2013

1381190239WASHINGTON, D.C. – Washington Fine Properties (WFP) is pleased to announce the sale of 2861 Woodland Drive, the former home of William McChesney Martin, Jr. The residence was listed for $7.95 million by Ellen Morrell, Matthew McCormick and Ben Roth of Washington Fine Properties.

William McChesney Martin, Jr. occupied the home with his wife, Cynthia Davis, and their three children. He was the ninth and longest-serving Chairman of the United States Federal Reserve Bank, serving from 1951 to 1970 under five presidents. Martin’s career started with his breakthrough as the first paid President of the New York Stock Exchange in 1938. He went on to become head of the Export-Import Bank, head negotiator for the Treasury, and ultimately the dominant decision maker at the Fed.

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Located in the sought after Massachusetts Avenue Heights neighborhood of Washington, D.C., the extraordinary 1929 residence is a perfect example of true Georgian architecture with meticulous renovation. It features intricately detailed crown molding, magnificent millwork, ten foot ceilings and seven bedrooms. The extremely private 12,865 square foot lot includes a front security gate, flagstone terrace, professional landscaping and a deep garden with patios and walkways.

Ellen Morrell, Matthew McCormick and Ben Roth of Washington Fine Properties listed the home, and have been recognized among the The Wall Street Journal’s Top 100 Real Estate Agent Teams for seven consecutive years.

About Washington Fine Properties

Washington Fine Properties (WFP) is recognized worldwide as one of the most successful carriage–trade real estate firms in the United States. More than one hundred of the most powerful agents in the Nation’s Capital Region combine the highest level of expertise and professionalism to provide unequalled brokerage services to both buyers and sellers. For four years in a row, Washington Fine Properties has been ranked #1 in the nation for “Highest Closed Sales Volume per Agent” and “Highest Average Sales Price per Sale” by REAL Trends. WFP also ranked #1 in sales over $1,000,000 in Washington, DC in 2012. Visit WFP online at www.wfp.com.

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