More stories

  • in

    Former Washington Commanders Owner Donates $35 Million Maryland Estate to Charity

    Back in 2000, Dan Snyder paid Jordan’s King Hussein and Queen Noor $8.6 million for a hilltop property in the Rockville area of Maryland. The former owner of the NFL’s Washington Commanders—who sold the team to a group led by private-equity billionaire Josh Harris last summer for a record $6.05 billion—subsequently spent millions more to acquire six adjacent parcels and completely transform an existing structure into a French chateau-inspired estate nestled amid 13.5 acres bordered by protected parkland and overlooking the banks of the Potomac River.

    After quietly trying to find an off-market buyer since 2018, Snyder hoisted the spread on the open market in February 2023 with a whopping $49 million ask. Despite a drop in price to just under $35 million, however, the estate continued to languish on the market. Now, though it wasn’t quite the blockbuster sale he and his wife Tanya originally wanted, the couple has nonetheless finally managed to unload their palatial home. But they didn’t sell it; they donated it to the American Cancer Society in what is the largest gift in the organization’s 110-year history.

    Per The Wall Street Journal, which first reported the transaction, the ACS hopes to sell “The Estate at River’s Edge” themselves at the last listing price, with proceeds from the transaction going to help advance the nonprofit’s mission of improving the lives of cancer patients and their families. Tanya, former co-CEO of the Commanders, is a cancer survivor and a former national spokeswoman for the NFL’s “Crucial Catch” breast cancer awareness campaign. She was previously recognized by the ACS as “Mother of the Year” for her community efforts.

    A soaring living room is adorned with a fireplace and interior balconies.

    Derek & Vee

    Designed by architect John Ike and completed in 2004 by Horizon Builders, the estate is hidden away behind double gates and a lengthy cobblestone driveway lined with trees that empties out at a French limestone and mansard-roof mansion spanning four stories. Featured are five bedrooms and 12 bathrooms dispersed across a little more than 25,000 square feet of living space, all of it accessible via an elevator and adorned throughout with intricate mahogany moldings, honed marble, and imported stone accents. Vast expanses of glass spill out to covered terraces and balconies framing water views.

    Custom wrought-iron front doors open into a grand entry vestibule that flows to a double-height reception hall resting beneath a coffered ceiling and boasting a curving staircase. A 24-foot limestone fireplace connects on the other side to a living room sporting two interior balconies, and other highlights include a handsome library warmed by a veined-marble fireplace, a formal dining room, two octagon-shaped sunrooms, a family room, and a commercial-grade kitchen.

    The lower-level club room comes complete with a full bar.

    Derek & Vee

    Particularly standing out on the top floor is a sumptuous primary suite, which is decked out with a private balcony, a separate sitting area, dual baths, “automated” dressing rooms with a built-in watch winder and a grooming station, and an adjoining library flaunting built-in bookcases and a marble fireplace. Elsewhere is a lower level with a bar-equipped club room, a movie theater, a wine cellar, and access to garden-laced grounds hosting a waterfall-enhanced pool and spa flanked by a loggia, as well as a sports court and a helipad.

    Additional buildings include a three-level guesthouse housing a showroom-style garage with a catering kitchen that can be transformed into an indoor/outdoor event space, plus a guard house and a manager’s house.

    The 13.5-acre property has a swimming pool, a helipad, and views of the Potomac River.

    Derek & Vee

    The donation has substantial tax benefits for Snyder, who also owns homes in England, Mount Vernon, and Aspen, Colo. According to The Washington Post, donating the property was “a more practical solution than sitting on it and paying taxes,” especially with an assessed value that was close to $18 million in 2022. By donating the real estate to a charity, Snyder can claim an income-tax deduction that’s equal to the appraised value. For instance, if the property were appraised at $45 million, he would receive a tax deduction of $45 million and would not pay taxes on the gain, which he would have if he had sold it to a private buyer.

    The listing is held by Cara Pearlman and Han Peruzzi of Compass.

    Click here for more photos of Dan Snyder’s house.

    Derek & Vee More

  • in

    NBA Star Bradley Beal Is Tossing His Maryland Mansion on the Market for $10 Million

    Bradley Beal isn’t bringing any baggage with him to the Phoenix Suns, and that includes his home in Bethesda, Maryland.  

    The former Washington Wizard, who was traded in June after a decade with the team, has just hoisted his sprawling D.C.-area mansion onto the market for $10 million. According to property records, the NBA All-Star guard shelled out $7.8 million for the palatial spread back in 2019, which he snapped up directly from the developer. The roughly 13,500-square-foot property sits on two acres and comprises six ensuite bedrooms and nine bathrooms.  

    NBA player Bradley Beal is selling his Maryland mansion for $10 million.

    Raul Rivero | riv photo + film

    According to the listing, held by Jill Schwartz and Andres Serafini of RLAH @properties, the trendy pad draws its design cues from South Florida, with an overall contemporary ambiance and chic finishings. Rest assured, there’s no shortage of jaw-dropping spaces. Think textured wallcoverings, abstract wool carpets, dramatic light fixtures, and hand-laid Italian mosaic tile in the foyer. Plus, the place is packed with custom cabinetry, ornate wrought iron railings, and heated tile floors. 

    Formal living and dining rooms are joined by a family room with a wet bar, a home office, and a chef’s kitchen that’s decked out with Viking appliances, plus a giant center island that’s topped with rare natural granite. Among the more unconventional extras, the all-time leading scorer’s abode sports its own fitness center and an arcade room, both of which have floor-to-ceiling walls of glass that look down on an NBA-certified underground half-basketball court.

    The house has an NBA-certified underground half-basketball court.

    Raul Rivero | riv photo + film

    Like the house, the grounds are fit for an athlete. There’s a full-size tennis court with stadium lighting and a heated swimming pool. However, you don’t have to be the active type to enjoy the outdoor areas. There’s also an alfresco kitchen for the culinary-inclined and a fire pit if you just want to kick back and get cozy. 

    Click here to see all the photos of 8913 Holly Leaf Lane. 

    Raul Rivero | riv photo + film More