Billionaire ex-Washington Commanders owner Dan Snyder donates $35m DC home to ... trends now
Former Washington Commanders owner Dan Snyder has donated his $35million DC home to the American Cancer Society after failing to sell it.
In February 2023, the billionaire and his wife, Tanya Snyder, put the five bedroom, six-and-a-half bathroom mansion in Potomac, Maryland, on the market for $49million.
A few months later, the couple lowered the price of the 30,000-square-foot property to $34.9million before they decided to take it off the market in March.
Instead of waiting on the sale of the massive home, the couple decided to donate to the American Cancer Society, who plan to re-list the property for $34.9million - like the Snyders did.
It is unclear exactly why the couple decided to donate to the charity, but donating a home can result in substantial tax benefits. The American Cancer Society said that Dan and Tanya are 'passionate advocates' for cancer research.
Former Washington Commanders owner Dan Snyder and his wife Tanya Snyder donated their 30,000-square-foot home to the American Cancer Society
Snyder was initially asking for $49 million for the home, but has now decided to donate it before it is put back on the market
Synder and his wife Tanya knocked the price down to $34.9million before they decided to take it off the market in March
David H. Kirk, a national tax partner at Ernst & Young, told The Wall Street Journal if the Snyder's held the title of a property for more than a year before they donate the $35million home, they can deduct the fair market value of it from their taxable income.
By donating the house, the Snyder's also no longer have to pay property taxes for the home that sits on 13.5 acres.
Another benefit is that they won't have to prolong the sale of the mansion as the charity is now in charge of the sale and how much the home goes for.
Snyder purchased the lot from the estate of Jordan's King Hussein and Queen Noor and completed home construction in 2004, The Wall Street Journal reported.
The limestone mansion is surrounded by gates and is intricately decorated with high ceilings, white crown molding, French doors, massive windows and spiral staircases.
It also comes with a large theater room decked out in red furnishings, hardwood accents and a massive projector screen.
The back of the home is complete with a large entertaining space that includes indoor and outdoor patio area, a large in-ground pool, and a big grass lawn.
There is also a two-bedroom guesthouse, a burgundy and gold-colored basketball court and a 12-car garage on the property.
Snyder purchased the lot from the estate of Jordan's King Hussein and Queen Noor and completed home construction in 2004
The limestone mansion is intricately decorated with high ceilings, white crown molding, French doors, massive windows and spiral staircases
The back of the home is complete with a large entertaining space that includes indoor and outdoor patio area
There is also a two-bedroom guesthouse, a burgundy and gold-colored basketball court and a 12-car garage on the property
Luxury amenities include a home theater
The property also has two solariums, a wine cellar, a formal dining area, a library and a massive kitchen
It has two solariums, a wine cellar, a formal dining area, a library and a massive kitchen.
Daniel Heider, a local agent of TTR Sotheby’s International said the property was extremely customized for a family 'who don't interact with a kitchen, per
