Tommy Hilfiger pays $34M for Palm Beach estate
Updated, 1:45 p.m., May 4: Fashion designer Tommy Hilfiger paid $34 million on an oceanfront estate in Palm Beach.
Hilfiger and his wife, Dee Ocleppo, bought the house at 100 Casa Bendita from the estate of the late English businessman Lord Anthony Jacobs and his late wife, Lady Evelyn, sources told the Palm Beach Daily News. The couple built the Mediterranean-style house in 1998. It was last listed for $39.5 million with Palm Beach broker Lawrence Moens.
Linda Gary of Linda A. Gary Real Estate represented Hilfiger and Ocleppo. The deal was recorded on Thursday. Villa Deniz LLC, the same entity that owns Hilfiger’s Golden Beach home, bought the property and financed the sale with a $27.2 million mortgage from JP Morgan.
The six-bedroom mansion has nearly 14,000 square feet of living space, and more than 200 feet of beach frontage. It sits on nearly an acre. The property last sold in 1995 for $4.15 million.
In February, Hilfiger and Ocleppo listed their Golden Beach mansion for sale for $27.5 million with Coldwell Banker’s the Jills. Hilfiger told the Wall Street Journal at the time that the couple was spending less time in Golden Beach and were considering buying a home in Palm Beach or Los Angeles.
The fashion designer also owns the Raleigh hotel in Miami Beach. [Palm Beach Daily News] – Katherine Kallergis