Former Fed Chair Jerome Powell Sells Gibson Island Mansion for $7.2 Million

Less than three months after concluding his term as Federal Reserve chair, Jerome Powell sold his sprawling waterfront mansion on Maryland's ultraexclusive Gibson Island for $7.2 million.Public property records reviewed by Realtor.com® indicate that the six-bedroom, eight-bathroom, 7,155-square-foot property sitting on a 2-acre lot exchanged hands on Aug. 4.Powell's luxury retreat was not listed on a multiple listing service, and the sale was off-market, as Baltimore Business Journal first reported on Wednesday. Realtor.com® reached out to listing agent Sarah Kanne at Gibson Island Real Estate seeking comment on the sale, but has not received an immediate response.Located just an hour from Washington, DC, the 2004-built shingle-style mansion sits in a private enclave off the coast of Maryland. Described in listing materials as an "exquisite waterfront residence," Powell's former vacation home offers water views from nearly every principal room.The listing notes that the property combing coastal architecture and superior craftsmanship "has been meticulously maintained by its current owners."The estate facing the Magothy River also features a waterfront swimming pool, a private pier ...