Former World Bank vice president places mansion on market

Potential buyers looking to relocate to posh Washington, D.C., digs might be interested in the former home of one-time World Bank Vice President Moeen Qureshi, which has been listed for $9 million less than when originally placed on the market.

Qureshi tried to sell the Observatory Circle house in 2006, but the asking price of $21 million didn't attract potential buyers. That was said to be among the highest asking prices for a piece of real estate in the neighborhood's history, according to the Washingtonian.

The 22,000-square-foot mansion was formerly two homes on Benton Place, Northwest, but was remodeled into one residence more than a decade ago. The home features eight main and three staff bedrooms, nine full and three half-bathrooms and two motorized chandeliers in the foyer that can be moved in order to clean and change the bulbs.

Qureshi, who is now the chairman, managing partner, and cofounder of the EMP Global private-equity firm, hired his son Samir, who's an agent for Long & Foster, as the real estate agent for the mansion.

The median listing price for homes in Observatory Circle is more than $1 million, according to Zillow.com. The median sales price is $900,000.