Tommy Hilfiger sells waterfront Palm Beach house for $28M 

Designer and real estate investor Tommy Hilfiger sold a lakefront home in Palm Beach for $28 million.

Records show Villa Deniz LLC, an entity linked to Hilfiger’s T Capital Management, sold the house at 313 Dunbar Road to Steven and Kiki Esrick. 

Christian Angle of Christian Angle Real Estate had the listing, and Gary Pohrer of Douglas Elliman brought the buyer. 

Steven Esrick co-founded National Business Solutions, a St. Petersburg-based employee leasing firm, in 1990. In 1996, he sold it to Rochester, New York-based Paychex for 3 million shares, then valued at $142 million, the Tampa Bay Times reported. Since then, he has invested in real estate developments and private equity deals through his Esrick Enterprises, and served as an executive producer for the Broadway show Hairspray, his LinkedIn shows. Records show he and his wife also own a waterfront North Palm Beach home they bought for $4.5 million in 2008.

Hilfiger founded his namesake fashion line in 1985. He sold it for $1.6 billion in 2005, according to published reports. A longtime Palm Beach resident, Hilfiger and his wife, Dee Ocleppo Hilfiger, are regular investors in residential properties on the island. In June, they flipped a house for $41.4 million, five months after buying it for $36.9 million. In 2022, they flipped a Palm Beach house to Fox News host Bret Baier for $12 million. Baier upsized to a $37 million island home in August. The Hilfigers also bought a 3-acre oceanfront estate for $46.3 million in 2021.  

They bought the Dunbar Road home for $21 million that same year, records show. The 5,000-square-foot house was built in 2006 on 0.3 waterfront acres, according to property records. It has three bedrooms, four bathrooms, three half-bathrooms, a pool and a dock, records show. The couple tapped designer Martyn Lawrence Bullard to redesign the interiors, according to the Architectural Digest video featuring the home. 

The Hilfigers listed it for $35.9 million in October, Redfin shows. It sold for $7.9 million below the asking price. 

Despite the market cooling off post-pandemic, it’s been a busy season for Palm Beach real estate. The island’s most expensive home on the market, Tarpon Island, listed for $187.5 million, found a buyer. Earlier this month, Payday loan tycoon Allan Jones bought a mansion from one of Chicago’s richest families for $29.3 million. The heiress to a vast baking powder and tobacco fortune sold her Palm Beach home for $15.9 million last month.