AOL co-founder Steve Case has sold his estate in Northern Virginia for $43 million to the Saudi Arabia government in a deal that goes down as the most expensive residential sale in the Washington, D.C., area, The Wall Street Journal reported.
Merrywood, the estate that was a home to Jacqueline Bouvier Kennedy Onassis, was purchased in 2005 for $24.5 million by Case and was listed for sale last year for $49.5 million.
The sale went through last week.
The Suadi Arabia government said it planned to use the residence for its delegation dignitaries visiting the U.S.
"The Saudi government understands the historical significance of the Merrywood home and has tremendous respect for its place in American history," a spokeswoman said, according to The Wall Street Journal.
The 7-acre estate was built in 1919 and was the childhood home of Jacqueline Bouvier in the 1940s, CNBC noted.
The main Georgian-style house, which has been renovated and carefully restored over the years, spans over 23,000 square feet and includes his-and-hers dressing rooms in the master suite as well as a study and a gym.
The property includes a swimming pool, tennis courts and a pavilion that contains an indoor lap pool.
Down the road is AOL co-founder, James V. Kimsey's home, which went on the market for $62.95 million, The Wall street Journal noted.
The entrepreneur died in 2016 at age 76 from cancer, The New York Times noted.
Also in the area is the Saudi ambassador's residence and, according to The Wall Street Journal, the country's government has been tied up with multiple real estate transactions there over the years.
© 2026 Newsmax. All rights reserved.