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Montecito estate of late Philadelphia Flyers founder Ed Snider asks $52 million

Hot Property | Ed Snider
The sprawling Montecito estate of late Philadelphia Flyers founder Ed Snider is for sale in Montecito for $52 million.
(Jim Bartsch | Inset: TNS)

The Montecito home of Ed Snider, the entertainment magnate and founder of the Philadelphia Flyers hockey franchise, is on the market for $52 million.

Designed by architect David E. Martin, the 21,345-square-foot villa is the centerpiece of a approximately 9.37-acre estate made up of four contiguous parcels. Views take in the ocean and surrounding mountain vistas.

The Italianate-inspired main house, built in 2001, was designed for intimate- and large-scale entertaining and features refined formal areas, a wood-paneled office/den and bi-folding doors that bring the outdoors inside. A lower-level lounge is replete with a game room, a home theater, a wine cellar and an old-fashioned bar.

The master suite, dressed in subdued hues and dark wood paneling, has a sitting room and glass doors that open onto a terrace overlooking the grounds. There are eight bedrooms, nine bathrooms, four powder rooms and four fireplaces in all.

Formal gardens, fountains, a reflecting pond, an outdoor pavilion and a swimming pool fill the manicured grounds designed by landscape architect Robert Truskowski. A tennis court, a two-story tennis pavilion and a two-bedroom guesthouse complete the setting.

Susan Burns of Coldwell Banker Previews International and Jason Siemens of Sotheby’s International Realty hold the listing.

Snider, who died earlier this year at 83, is considered among the most influential executives in Philadelphia sports. He founded the Flyers in 1964, co-owned the Philadelphia Eagles and was chairman of the Philadelphia 76ers.

He acquired the property from Hollywood businessman Milton B. Scott in 1994 for $3.675 million, records show.

neal.leitereg@latimes.com

Twitter: @NJLeitereg

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