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
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.