Washington, D.C
Billionaire Dan Snyder to List Mansion on George Washington’s Mount Vernon Estate for $49.9 Million
Billionaire Dan Snyder is putting his Virginia mansion that stands on George Washington’s Mount Vernon estate back on the market, with plans to list it next week for $49.9 million.
It’s a more than $10 million price cut on the Alexandria property, which was asking $60 million when it was first listed in 2024. Even with the price reduction, the home, which is 13 miles south of the nation’s capital, remains the most expensive listing in the entire Washington, D.C., area.
The price change is a signal the owners are serious about selling, said listing agent Michael Sobhi of the Sobhi Group. “The right buyer for a property like this is tracking the market closely, and a sharp, confident repositioning tells them the seller is serious and the opportunity is real,” he added.
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It’s the first time Sobhi’s taking the property to market, as it was previously listed with a different brokerage.
Snyder, 61, bought the 16.5-acre estate in 2021 for $48 million, records with PropertyShark show, setting a D.C.-area price record. He bought it from Robert Stevens, the former chairman and CEO of the global defense contractor Lockheed Martin, Mansion Global reported at the time of the deal.
This isn’t the first D.C.-area megamansion the former Washington Commanders owner has tried to sell in the past few years.
Farther north on the other side of the Potomac River in Maryland, Snyder built a French chateau-style home on about 15 acres in 2004. He listed the property for sale in 2023 for $49 million, and after failing to find a buyer after a year on the market, he donated the property to the American Cancer Society, Mansion Global previously reported. The nonprofit sold the home at auction last year for $11.84 million.
The 16,000-square-foot Alexandria home is perched along the riverbank of the Potomac, allowing for both a picturesque setting and convenience—the estate has a private dock, giving the owner access to D.C. and other Northern Virginia waterfront destinations by boat. It occupies the largest privately-owned portion of the land that made up Washington’s estate, according to the listing.
Though built in the Federal style, the four-level mansion doesn’t date to Washington’s era—it was built in 2018. It has eight bedrooms and 15 bathrooms, and nearly every room in the house takes in views of the river.
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“There’s simply nothing else that offers this level of seclusion and waterfront living at this scale so close to the center of power in Washington,” Sobhi said.
Amenities range from an entertainment level with a full bar and a billiards table to a fitness center with a spa that includes a steam room, an infrared sauna and a resistance pool. There’s also a 15-seat theater, which Snyder upgraded with a 15-foot by 9-foot Stewart screen and “a fully DCI-compliant system that rivals a commercial cinema experience,” Sobhi said.
Additional structures include a 2,600-square-foot guest house with three bedrooms and three bathrooms, and a carriage house with four garage bays and a studio apartment.
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On the grounds, there’s an English-style boxwood garden, recreated based on original Mount Vernon plans.
Snyder, who, according to Forbes, has a net worth of $4.7 billion, couldn’t be reached for comment.