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Head Honcho Real Estate Developer Lists $7.5M House In Massachusetts Avenue Heights

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With almost ten thousand square feet of home here the owner is likely going to know a thing or two about houses. He did, after all, build what at one point was the largest African American-owned real estate development firm. R. Donahue Peebles built Atlantic Development Corp from ho-hum status to big bucks revenue, partly based on some DC holdings (and some Florida investments). He cut his teeth on the city property tax appeal board because, as he says, he, "knew Marion Barry, then mayor of Washington, D.C., who got me the opportunity to submit my qualifications to the board...By the time I was 24, I was chairman of the board." That led to a successful investment in Anacostia and the growth continued.

Now one of his private holdings, this 6 bedroom, 7.5 bath house, is going on the market. The Tudor and then some was built in 1929 and comes with a wine cellar, home gym, two car garage (and motor court, in case that isn't enough room for the fleet). Initial asking price is $7,495,000.

· Listing: 4 Thompson Circle [Redfin]
· How I Did It: R. Donahue Peebles [Inc]