CarMax CEO forks over $7.9M for Jimmy Cagney's summer home

An 11-bedroom mansion on Martha’s Vineyard that was actor Jimmy Cagney’s summer home has sold to CarMax CEO Thomas J. Folliard and his wife, Mary, Patch.com reports.

The waterfront property, which includes a dock on Edgartown Harbor, was in the same family for more than 60 years. Source: marthasvineyard.patch.com