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Sunday, May 19, 2024

Dan Snyder Seeks Record $49M For Maryland Mansion

  • The Commanders owner is pursuing a sale of his franchise he has owned since 1999.
  • The Snyders purchased the mansion for $8.64 million in 2001.
Dan Snyder has his Maryland home up for sale.
Courtesy Sean Shanahan/TTR Sotheby’s International Realty

Dan Snyder’s five-bedroom, 30,000-square-foot mansion in Maryland, purchased more than two decades ago, is slated to hit the market. 

Snyder and his wife, Commanders co-CEO Tanya Snyder, haven’t lived at the home for some time and quietly put the house on the market, the Washington Business Journal reported. But Monday afternoon, it officially went on the market with a list price of $49 million.

TTR Sotheby’s International Realty, the agency handling the sale, estimate the annual property taxes for the 15-acre estate comes to nearly $200,000.

The pending sale of the mansion in swanky Potomac comes as Snyder is exploring a sale of his major asset since November: the Commanders. 

While Snyder hasn’t publicly stated how much or if he will sell the team he’s owned since 1999, Front Office Sports reported last month that bidders were told Snyder seeks to sell at least a majority stake in the team. 

Multiple bids came in ahead of a first-round deadline before Christmas. The highest bid valued the franchise at $6.3 billion, sources told FOS.

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The Snyders purchased the mansion for $8.64 million in 2001. It had been owned by the estate of Jordan’s King Hussein and Queen Noor. Hussein died in 1999. 

The current assessed value for the home is $17.7 million, according to the MLS database used by real estate agents. 

Snyders’ New Home

In 2021, Snyder paid $48 million in cash for a seven-bedroom, 13-bath estate across the Potomac River in Alexandria, Virginia.

The sale remains the most ever paid for a DC area home, although it would get supplanted if Snyder gets the asking price for the Potomac mansion. 

The Alexandria mansion transaction was viewed as a move to ingratiate himself with Virginia lawmakers as part of a push to build a stadium in the state. But as multiple investigations swirled around Snyder and the Commanders, those efforts stalled in the state legislature last year. 

And Snyder has spent much of his time in London, even listing the city as his primary residence. 

Snyder ran afoul of Montgomery County officials in 2004 when he removed 130 mature trees along the Potomac River where his soon-to-be-former house sits. Removing the trees without a permit rankled area residents and conservationists, and Snyder ultimately had to pay $37,000 to the county. 

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