Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year

Trust of the late Lloyd Miller sold the waterfront estate

Miami /
Jul.July 12, 2021 05:30 PM
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)

Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)

Tommy Hilfiger and his wife Dee Ocleppo Hilfiger paid more than $46 million for an oceanfront mansion in Palm Beach, marking their third real estate purchase on the island this year.

The Hilfigers acquired the nearly 3-acre lake-to-ocean estate at 1930 South Ocean Boulevard, property records show. The Lloyd I. Miller III trust sold the property to the Coral House Land Trust for $46.3 million. Neil Subin signed the deed on behalf of the seller.

The buyer’s trust financed the purchase with a $32.4 million loan from J.P. Morgan Chase Bank.

Joseph Lamastra is listed as the trustee for the buyer. Lamastra is linked to other properties the Hilfigers have owned in Palm Beach.

The 20,936-square-foot mansion, with five bedrooms and nine bathrooms, includes oceanfront land on the east side of South Ocean Boulevard. It was built in 1973. The property features a dock, pool, tennis court and fountains.

Miller, who died in 2018 according to the Palm Beach Post, and his wife Susan owned the house. Former newspaper publisher Conrad Black sold the estate to the Millers in 2011 for $23.1 million.

The Hilfigers picked up two smaller properties on the tony island this year. The fashion icon and his designer wife paid $21 million for the waterfront home at 313 Dunbar Road in June, and in March they paid $9 million for a smaller home at 244 Fairview Road.

The Wall Street Journal first reported the $46.3 million sale.

The couple recently sold their oceanfront Golden Beach estate for $24 million to real estate investor and author Grant Cardone, months after selling their Greenwich estate in January for $45 million.






    Related Articles

    arrow_forward_ios
    The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby's International Realty)
    Ex-Cleveland Browns president scores Palm Beach home
    Ex-Cleveland Browns president scores Palm Beach home
    (Pacheco-Martinez & Associates)
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
    South Florida’s retail market slowly emerges from pandemic woes in Q2
    South Florida’s retail market slowly emerges from pandemic woes in Q2
    Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
    South Florida by the numbers: Play ball
    South Florida by the numbers: Play ball
    Inventory for single-family homes and condos fell, indicating a seller’s market (Getty)
    South Florida residential sales soar to $8B in June, led by luxury buys
    South Florida residential sales soar to $8B in June, led by luxury buys
    arrow_forward_ios

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

    Loading...