Patrón Spirits founder swaps Texas ranch for Newport mansion

Tequila tycoon John Paul DeJoria paid $11.6M for a sprawling Gilded Age mansion

New York /
Jan.January 29, 2017 11:34 AM

Tequila tycoon John Paul DeJoria is adding a bit of Gilded Age style to his real estate portfolio. After selling his 96-acre Texas ranch for nearly $7 million, the Patrón Spirits founder purchased a mansion in Newport, R.I., for $11.65 million.

The property known as “Ocean Lawn” was sold fully furnished. The 16,200-square-foot house has 13 bedrooms and his-and-her libraries. The 6.7-acre oceanfront grounds include a swimming pool and a 660-square-foot children’s playhouse, according to the Wall Street Journal.

Ocean Lawn first hit the market in March asking $18.5 million. The seller was the estate of Eugene Conese, founder of Greenwich Air Services, who purchased the estate in 2000 for $6.6 million, according to public records. [WSJ]Christopher Cameron


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)
Luxury real estate anyone? US Open stars and their palatial pads
Luxury real estate anyone? US Open stars and their palatial pads
Lena Dunham and 60 Broadway (Credit: Getty Images)
Lena Dunham’s “massive real estate mistake”
Lena Dunham’s “massive real estate mistake”
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Danny DeVito and Rhea Perlman with their Clinton Hill home (Getty, Google Maps)
Danny DeVito, Rhea Perlman nabbed Brooklyn home right before pandemic
Danny DeVito, Rhea Perlman nabbed Brooklyn home right before pandemic
The property on 73rd Street formerly owned by Grace Kelly. (Getty, StreetEasy)
Grace Kelly’s former Upper East Side mansion returning to market
Grace Kelly’s former Upper East Side mansion returning to market
Fredrik Eklund and his Beverly Hills home (Getty, Redfin)
Fredrik Eklund reps himself in $7M Beverly Hills buy
Fredrik Eklund reps himself in $7M Beverly Hills buy
Leslie Wexner and Greg Norman with the Jupiter Island property (Getty, Shawn Hood Media) 
Wexner family buying Greg Norman’s Jupiter compound listed for $60M: sources
Wexner family buying Greg Norman’s Jupiter compound listed for $60M: sources
Photo illustration of Donald Trump at Mar-a-Lago (iStock, Getty/Illustration by Kevin Rebong for TRD)
Trump argues to live in Mar-a-Lago — as an employee
Trump argues to live in Mar-a-Lago — as an employee
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...