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Former treasury chief sells Washington home to Poland
The Wall Street Journal
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Published: 12/27/2008 9:38 PM

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The Polish government, seeking a new ambassador's residence, paid $9.55 million several weeks ago for the Washington home of former Treasury Secretary Nicholas F. Brady.

Brady served from 1988 to 1993. The 11,000-square-foot brick Georgian mansion is on northwest Washington's Whitehaven Street, home to many embassies, and has five floors, 10 bedrooms, seven bathrooms, a formal ballroom and a wood-paneled library, on roughly one acre. There's a pool and a greenhouse. Built in 1927, the home is near a house owned by Bill and Hillary Clinton.

Among other things, Brady, 78 years old, is known for the developing-nation debt issues that became known as "Brady Bonds." He'd listed the home for $10 million in 2006, then took it off the market after it failed to sell.

Poland's offer was unsolicited; a spokesman said it was seeking a higher profile, in part because of its 2011 presidency of the European Union. Ellen Morrell and Matthew McCormick of Washington Fine Properties represented Poland. Virginia Chew of Arnold Bradley Sargent Davy & Chew represented the Bradys.

Landmark Boston house

An 18,000-square-foot house designed by architect Alexander Parris is now Boston's most expensive home for sale, asking $27.5 million.

On the northern border of Boston Common, the 18,000-square-foot mansion is half of the Appleton-Parker residence, twin townhouses commissioned in the early 1800s by industrialist Nathan Appleton and his associate, Daniel P. Parker, to house their separate families. Parris also designed Boston's Quincy Market.

The landmarked Greek Revival home has 11 bedrooms, 10 bathrooms and a ballroom. The owners are the children of James A. Pappas, a local developer who bought both townhouses in the early 1990s, renovated and sold the first one several years ago, according to his son, Tim. Beth Dickerson of Gibson Sotheby's International Realty has the listing.

Apparel executive Nygard's $42,000-a-night rental

Canadian businessman Peter Nygard is offering his New Providence, Bahamas home for rent, asking $42,000 a night, or nearly $300,000 a week - making it one of the most expensive vacation-home rentals in the world.

The home is on a 10-acre island in Lyford Cay, a private community whose residents include British billionaire Joseph Lewis. The rental comes with use of an 82-foot yacht, a 48-foot fishing boat, two all-terrain trucks, a full staff, two pools and multiple spas, a 24-seat theater that can play three movies simultaneously, a spa and a disco room. Nygard hired Hollywood set designers to help craft the house. John Greer of Unusual Villas and Island Rentals in Richmond, Va., is the rental agent.

Finnish-born Nygard created a fashion manufacturer and retailer that's one of the largest Canadian women's clothing companies.