The Washington, D.C., townhouse owned by a nonprofit group tied to
Sam Bankman-Fried,
the disgraced co-founder of bankrupt cryptocurrency exchange FTX, has found a buyer.
A listing for the rowhouse showed the status of the property as “contingent,” meaning that an offer has been made and accepted, but before the deal is complete some specific requirements must be met.
The four-bedroom property, in the Capitol Hill neighborhood, was last asking $3 million, and is owned by Guarding Against Pandemics, the nonprofit organization founded by Bankman-Fried’s brother, Gabriel, property records show. According to its website, the group advocates “for public investments to prevent the next pandemic.”
Guarding Against Pandemics is widely reported to have been funded by Sam Bankman-Fried, who faces a maelstrom of charges over the implosion of FTX.
Earlier this year, the home was removed from the market only a few weeks after it was first listed amid allegations that the house was purchased with misappropriated FTX customer funds, according to The Wall Street Journal. It then came back onto the market in March, though it was unclear whether the issue regarding the source of the purchase funds had been resolved.
Guarding Against Pandemics paid $3.289 million for the home in April 2022, according to records. A spokesperson for the group confirmed they had found a buyer.
Meanwhile, Gabriel Bankman-Fried, who resigned from the group in November, couldn’t be reached for comment.
A representative for Sam Bankman-Fried declined to comment.
The house is described as an “entertainer’s dream home” in its listing with Devon Fox of Pearson Smith Realty, who didn’t immediately respond to a request for comment. Fox shares the listing with her co-agent and husband, Dustin Fox.
Across its 4,100 square feet, the neutrally decorated home has fireplaces, hardwood floors and high ceilings.
A chef’s kitchen with quartz countertops, a walk-in pantry and breakfast nook with banquette seating leads is joined by a large living room, a dining room with built-in shelving and display cabinets and a custom temperature-controlled wine fridge, according to the listing.
The primary bedroom suite has a fireplace, dual walk-in closets and a personal washer and dryer. The home includes a gated underground garage and an elevator that services all four levels of the house.
This article originally appeared on Mansion Global.
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