The home will be listed for $4.7 million and given to the Community Foundation for Northeast Florida, the Jacksonville Business Journal reported Thursday.
Berkshire Hathaway HomeServices Florida Network Realty will list the home, which features six bedrooms, six full baths and a large in-ground pool.
Weaver, who owns shoe store chains Shoe Carnival and Nine West, became the first owner of the Jaguars in 1993. He and his partners sold the Jags on Nov. 29, 2011 to Illinois businessman Shahid Khad for $760 million.
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