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

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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, reports.

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