Dan Snyder’s Alexandria Estate Listed for $49.9 Million

Nearly three years after selling the Washington Commanders, former owner Dan Snyder has placed his Alexandria, Virginia, riverfront home on the market for $49.9 million, a $10.1 million drop from its $60 million price tag two years earlier. The property remains the most expensive active listing in the Washington, D.C., area.

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Snyder bought the 16-acre parcel—once owned by George Washington’s family—in 2018 for $48 million cash. He owned the Washington football franchise from 1999 until July 2023, when a group led by Josh Harris purchased the Commanders for $6.1 billion; Forbes now values the team at $7.6 billion. During Snyder’s 24-year tenure the team recorded six winning seasons, six postseason appearances and a 2-6 playoff record, and the franchise was renamed the Commanders in February 2022. Congressional investigations examined alleged sexual-harassment claims and questionable financial practices, contributing to the decision to sell. Snyder, now residing in London, previously listed a Bethesda home for $49 million before donating it to the American Cancer Society; that house sold at auction for $13.26 million in December 2023. Michael Sobhi of the Sobhi Group is the current listing agent.

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The 16,000-sq-ft mansion includes eight bedrooms, nine full baths, six half baths, a game room, gym, library, home office, steam and sauna rooms, indoor resistance pool, and a 15-seat theater. A three-bedroom guest house and a carriage house with a studio apartment sit on the site. The estate sits on land that was part of the former Mount Vernon estate until 1859, covers 16.5 acres, and offers direct Potomac River access, a factor the agent describes as unmatched locally.

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Michael Sobhi emphasized the estate’s rarity, noting that its blend of historic significance and proximity to the nation’s political center “cannot be recreated.” He called the property a “unique” opportunity that, once sold, will not reappear.

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During Snyder’s ownership the franchise’s on-field performance declined, and congressional investigations examined alleged sexual-harassment claims and questionable financial practices, contributing to the decision to sell the team.

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The article cites two price points—$60 million previously and $49.9 million now—but does not disclose any prospective buyer or expected closing date. It also notes a valuation gap: Forbes values the Commanders at $7.6 billion, while the 2023 sale price was $6.1 billion, without explaining the discrepancy.

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• “That's what makes this property unique.” — Michael Sobhi, Listing Agent

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• “It's not something that can be recreated, and once it sells, there will never be another opportunity exactly like it," Sobhi said.” — Michael Sobhi, Listing Agent

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The Alexandria estate remains on the market pending a buyer, while the Commanders are slated to move into a new stadium in 2030, the first major franchise development since the 2023 ownership change.

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