Billionaire Dan Snyder’s former Washington DC-area mansion just got a massive price trim — but it’s all for a good cause.
The sprawling French Chateau-style estate in Potomac, Maryland, has had $5 million lopped off its last asking price, now down to $29.9 million. It was initially listed for a whopping $49 million.
Snyder, the former Washington Commanders boss, handed over the 25,000-square-foot palace to the American Cancer Society earlier this year, but the market had other plans, according to Mansion Global.
“As the market changes, we continuously adapt to meet its demands,” Compass realtor Cara Pearlman told Mansion Global. Pearlman, along with colleague Han Peruzzi, is trying to move the lavish property.
“Our priority is to maximize the financial support provided to the American Cancer Society, empowering them to continue their groundbreaking work. We are fully committed to doing everything necessary to support this vital cause.”
Snyder, 59, shelled out $8.64 million for part of the estate back in 2001 from the royal estate of Jordan’s King Hussein and Queen Noor.
Since then, he grew the property into a massive 13.5-acre compound, which now boasts the megamansion built in 2004.
Snyder’s connection to the cause runs deep — his wife, Tanya, was diagnosed with breast cancer in 2008 and even became the face of the NFL’s “Crucial Catch” campaign while they still owned the Commanders.
After selling the team in 2023 for a record $6.05 billion, Snyder’s focus has clearly shifted to philanthropy.
The American Cancer Society has big plans for the proceeds from the sale. In a statement, they said the funds will go toward cancer research and patient support, impacting 20,000 communities nationwide.