Live Next Door to Oprah for $45 Million

The nine-acre estate of late billionaire Ed Snider in Montecito, California, is back on the market for $45 million—a $7 million discount from when it first hit the market last year.

Snider’s eight-bedroom mansion went up for sale following his death in 2016 at the age of 83 for $52 million and was later discounted to $48.5 million before coming off the market. The Agency’s founder Mauricio Umansky and partner Santiago Arana have since taken over the listing and relaunched the home last week as a pocket listing.

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The self-made sports mogul, who co-owned the Philadelphia Eagles and the 76ers, the city’s football and basketball teams, lived in the sprawling, 21,345-square-foot Italianate mansion right beside Oprah Winfrey’s large West Coast estate, property records show.

The property is one-quarter the size of Ms. Winfrey’s, but it boasts the works. It encompasses a reflecting pond, a pool, a tennis court with a viewing cabana and a two-bedroom guest house, according to The Agency.

Snider bought the property in 1994, county records show, and built the mansion, billed as "reminiscent of the opulent villas surrounding Italy’s Lake Como."

He had a master bedroom built larger than most New York City apartments (at 2,000 square feet) and hired landscape artists to install tiered gardens, and an organic fruit and vegetable orchard. A guesthouse just beyond the orchard has its own kitchen and front deck, according to the listing agents.

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The opulent interior of the main mansion includes details like a vaulted ceiling in the master bathroom and a master closet with its own balcony. There’s also a theater and mirrored en-suite fit to be used as a gym, yoga room or dance studio.

Before his death, Snider was the chairman of Comcast Spectacor, a Philly-based sports and entertainment company.