Hellman & Friedman boss sells Lost Tree Village mansion off-market for $19M

Philip and wife Alicia Hammarskjold bought the estate for $9.2M in 2021

Lost Tree Village Mansion Sold for $19 Million
11589 Lake House Court in North Palm Beach with Philip Hammarskjold (Hellman & Friedman)

The executive chairman of Hellman & Friedman sold his mansion in North Palm Beach’s gated Lost Tree Village community for $18.8 million.

Philip and Alicia Hammarskjold sold the house at 11589 Lake House Court to the Gus and Gunvor Trust, managed by Knoxville, Tennessee-based attorney William D. Edwards, records show.

Philip joined Hellman & Friedman in 1992, and was the firm’s CEO from 2009 to 2017, according to the firm’s website. He is also on the board of trustees for Princeton University.

The couple bought the 10,400-square-foot mansion for $9.2 million in 2021, records show. Built in 1997 on 0.9 acres, the home spans seven bedrooms, seven bathrooms, one half-bathroom and a pool. 

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Lost Tree Village is a 450-acre gated golf community in North Palm Beach. It is the longtime home of golf great Jack Nicklaus, who also designed the course.

The Hammarskjolds’ sale follows one month after another pricey off-market deal in the enclave. Last month, packaging mogul D. Greg Horrigan, the co-founder of Silgan Holdings, sold his waterfront Lost Tree Village mansion for $19.6 million. James Kenny and Paul Kaneb of K2 Realty had the pocket listing. In December, financier Michael Johnston sold his home for $16.3 million. The family of late developers Mary and William Ryan sold their oceanfront estate for $25 million in May of last year, making it Lost Tree Village’s most expensive home ever sold.